Definition for today
By Jared Bernstein
July 16, 2008
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%).
Read the rest of this piece
here.
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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