US Retail Sales Jump in May as Jobs Boost Spending
Americans ramped up their spending on autos, building materials and clothing in May, a sign that strong job growth is starting to boost retail sales
Specialist Jay Woods is reflected in a screen at his post that shows five years of the Dow Jones industrial average, on the floor of the New York Stock Exchange, on July 3, 2014. AP Photo/Richard Drew
WASHINGTON—Americans ramped up their spending on autos, building materials and clothing in May, a sign that strong job growth is starting to boost retail sales.
Retail sales climbed a seasonally adjusted 1.2 percent in May, following a 0.2 percent gain in April, the Commerce Department said Thursday. Sales have risen 2.7 percent over the past 12 months.
