Consumers cut back in August
September 16, 2020
Core retail sales, excluding autos, building materials, food services and gasoline, fell 0.1 percent last month, according to the Commerce Department, which revised its July number downward from a 1.2 percent gain to 0.9 percent. Job growth slowed during the month and claims for unemployment benefits remained high. Nearly 30 million Americans are currently receiving unemployment benefits.
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