Opinion pieces and speeches by EPI staff and associates.
[ THIS PIECE WAS ORIGINALLY POSTED IN TPM CAFE BLOG ON JUNE 12, 2008. ]
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. ]