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US Retail Sales Fell Again in December
Video Credit: Wibbitz Top Stories
Published on January 15, 2021 - Duration: 00:51s
US Retail Sales Fell Again in December
US Retail Sales Fell Again in December .
According to the U.S. Commerce Department, retail sales in December 2020 fell by 0.7 percent.
A Reuters poll of economists revealed an expectation of no change in retail sales for December.
Retail sales in November 2020 were adjusted to show a slip of 1.4 percent.
The U.S. economy also lost jobs in December.
Unemployment numbers in the first week of January indicate that job loss could continue this month.
President-elect Joe Biden's $1.9 trillion fiscal stimulus plan was revealed on Thursday.
The plan is expected to help the economy by boosting spending in the later half of 2021
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