Federal Data: Retail Sales Remain Flat, Job Openings Decline

(The Center Square) – Retail sales did not meet expectations and the number of job openings declined in states around the country, newly released federal data show.

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The U.S. Census Bureau released data Wednesday showing retail sales remained unchanged for the month of July, despite expectations of a 0.1% increase. A drop in gas prices and auto sales helped fuel the decrease.

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A separate report from the U.S. Bureau of Labor Statistics released Wednesday showed that the number of job openings in June decreased in 19 states, increased in 2 states and saw almost no change in the remaining states.

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“The number of job openings decreased in 19 states and increased in 2 states in June,” BLS said. “The largest decreases in the job openings level occurred in California (-212,000), Pennsylvania (-89,000), and Massachusetts (-53,000). Increases in the job openings level occurred in Georgia (+51,000) and Ohio (+22,000). Nationally, the number of job openings decreased over the month (-605,000).”

The two economic indicators comes after the economy saw inflation flatten in July but still come in at an 8.5% increase from the same time last year. At the same time, the U.S. Gross Domestic Product has shrunk for the last two consecutive quarters.

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