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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3147 |
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Camilli told her clients earlier this week.
Retail sales in September rose 0.2%, adjusted for inflation, after falling 1.9% in August, the Commerce Department said. The report showed that consumers spent 4% more on gasoline than in August, and 34.8% more than a year ago. While automobile dealerships saw slower traffic, strong sales were reported at health-and-personal-care stores and building material and garden stores...
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He noted that hourly earnings were down in 15 out of the past 17 months, and warned: "We are in the midst of a protracted wage slump, a troubling trend that is largely going unrecognized by policy makers."
With rising gas prices, consumer sentiment tumbled last month, new surveys from the University of Michigan showed...
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