×
56 634
Fashion Jobs
MACY'S
Asset Protection Captain, Fresno Fashion Fair - Full Time
Permanent · Fresno
MACY'S
Asset Protection Detective, Visalia - Full Time
Permanent · Visalia
MACY'S
Asset Protection Detective, Boynton Beach - Full Time
Permanent · Boynton Beach
MACY'S
Asset Protection Detective, White Marsh - Full Time
Permanent · Nottingham
MICHAEL KORS
f/t Sales Supervisor, Christiana Mall
Permanent · Newark
NORDSTROM
Assistant Manager - Specialty Coffee - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Asset Protection - Security Ambassador - Towson Town Center
Permanent · Towson
ROSS STORES
Store Protection Specialist
Permanent · Englewood
ROSS STORES
Store Protection Specialist
Permanent · Pembroke Pines
MACY'S
Asset Protection Detective, Lakeforest - Full Time
Permanent · Gaithersburg
MACY'S
Asset Protection Detective, Easton - Full Time
Permanent · Columbus
MACY'S
Asset Protection Detective, Auburn - Full Time
Permanent · Auburn
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Hartsdale
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Yonkers
ADIDAS
Senior Specialist, HR - Covid Pmo - Limited Duration (Until End of Year)
Permanent · Portland
ADIDAS
Senior Director, Sport Brand Communications
Permanent · Portland
ADIDAS
Senior Manager Human Resources - Brand And Business Development
Permanent · Los Angeles
MACY'S
Asset Protection Security Guard, Fordham Place - Full Time
Permanent · Bronx
MACY'S
Asset Protection Detective, Spokane Valley - Standard Part Time
Permanent · Spokane Valley
MACY'S
Asset Protection Detective, Mayfair - Full Time
Permanent · Wauwatosa
By
Reuters API
Published
Dec 16, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

U.S. retail sales decrease more than expected in November

By
Reuters API
Published
Dec 16, 2020

U.S. retail sales fell for a second straight month in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of a slowdown in the economy's recovery from the pandemic recession.




Retail sales dropped 1.1% last month, the Commerce Department said on Wednesday. Data for October was revised down to show sales falling 0.1% instead of climbing 0.3% as previously reported. October's decrease was the first since April, when stringent measures to control the first wave of coronavirus cases crippled the economy.

Excluding automobiles, gasoline, building materials and food services, retail sales declined 0.5% last month after downwardly revised 0.1% dip in October. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have edged up 0.1% in October.

Data this month showed the economy, which plunged into recession in February, added the fewest jobs in six months in November. The number of people filing new claims for unemployment benefits jumped to a near three-month high in the first week of December.

The United States is struggling with a fresh outbreak of COVID-19 infections, with the death toll from the respiratory illness rising above 300,000 on Monday, according to a Reuters tally of official data. Many state and local governments have imposed new restrictions on businesses, while some consumers are avoiding shopping malls, restaurants and bars.

Restaurants moved outdoors over the summer and the arrival of cold weather is also undercutting spending.

The situation has been compounded by the loss of a weekly unemployment supplement. More than $3 trillion in government coronavirus relief is almost depleted. At least 9 million unemployed and underemployed Americans will lose government-funded benefits on Dec. 26, with Congress struggling to agree on another rescue package.

Federal Reserve officials were due to wrap-up a two-day policy meeting on Wednesday.
Policymakers are expected to keep interest rates near zero and deliver a playbook for what might prompt them to pump more money into the economy.

Though a vaccine for the coronavirus is being rolled out, it could probably take a while for many Americans to be inoculated. The spiraling virus and lack of additional stimulus have cemented expectations for GDP growth well below a 5% annualized rate in the fourth quarter.

The economy grew at a 33.1% rate in the third quarter after contracting at 31.4% pace in the April-June quarter, the deepest since the government started keeping records in 1947.
 

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail