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Jobless claims up, but consumer confidence also increases
Washington, D.C. -- Figures released Thursday by the Labor Department showed that more Americans than forecast filed applications for jobless benefits last week, reinforcing concern that the labor-market recovery will be slow to develop.
Consumer confidence, however, has held up, as the Bloomberg Consumer Comfort Index was minus 32.8 in the period ended April 8, second only to the prior week’s minus 31.4 as the highest since March 2008.
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Retail container traffic to increase 3.2% in April
Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to increase 3.2% in April compared with the same month last year, and year-over-year gains should continue through the end of summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“Retailers are continuing to watch rising gas prices, but job gains and other indicators show the economy is strengthening,” NRF VP for supply chain and customs policy Jonathan Gold said.