Nov 5th, 2009 - StarTribune
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NEW YORK - Consumers, enticed by cooler weather and an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.
Even affluent shoppers, who had been tight with their purse strings since the financial meltdown ballooned last year, spent more for designer duds.
As merchants announced their figures Thursday, the results showed that shoppers still were not splurging, restrained by tight credit and a weak job market. But the improving figures and tone of the reports all pointed to sales momentum, encouraging as the industry heads into the holiday shopping season.
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US Economy: Unemployment Rate Jumps to 26-Year High
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- The unemployment rate in the U.S.jumped to 10.2 percent in October, the highest level since 1983,casting a pall over the prospects for a sustained recovery andrisking further erosion of President Barack Obama’s popularity.$8000 homebuyers tax credit extended
Nov 6th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday. The $8,000 credit was scheduled to lapse on Dec...
UPDATE 1-Obama calls jobless rise "sobering"
Nov 6th, 2009 - Reuters
(Adds more Obama comment, background) WASHINGTON, Nov 6 (Reuters) - President Barack Obama saidon Friday the jump in the unemployment rate to 10.2 percent inOctober was a "sobering" figure that underscored the economicchallenges ahead. Obama...
The sales figures behind October
Nov 5th, 2009 - BusinessWeek
Shoppers opened their wallets a little more, handing the nation's stores their second consecutive monthly sales gain after more than a year of declines. Here's how October...
October sales offer some relief to retailers
Nov 5th, 2009 - MSNBC
NEW YORK - Consumers, enticed by cooler weather, early holiday discounts and an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.
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