Americans Hit The Shops As Unemployment Rate Plummets
- 6 years ago
U.S. consumer spending increased more than expected in April.
Consumer spending accounts for more than two-thirds of U.S. economic activity.
The US Commerce Dept. said it jumped 0.6 percent last month--the biggest gain in five months.
It's a further sign that economic growth regained momentum early in the second quarter.
Reuters reports inflation also continued to rise steadily.
Unemployment benefits applications dropped more than expected last week.
Consumer spending accounts for more than two-thirds of U.S. economic activity.
The US Commerce Dept. said it jumped 0.6 percent last month--the biggest gain in five months.
It's a further sign that economic growth regained momentum early in the second quarter.
Reuters reports inflation also continued to rise steadily.
Unemployment benefits applications dropped more than expected last week.