Commentary | Economic Growth

Definition for today

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Opinion pieces and speeches by EPI staff and associates.

[ THIS PIECE WAS ORIGINALLY POSTED IN TPM CAFE BLOG ON JUNE 12, 2008. ]

Definition

for today

By Jared Bernstein

Today’s retail sales report for May revealed a much better-then-expected jump of 1%, the best monthly showing in six months (year-over-year growth of 2.5% is still sluggish). It wasn’t just spending on gas either (core sales, ex-autos, ex-gas were also up 1%).

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Jared Bernstein is senior economist at the Economic Policy Institute in Washington, D.C.

[ POSTED TO VIEWPOINTS ON JULY 16, 2008. ]


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