The government is expected to provide fresh evidence Friday that retailers are taking a hit as consumers continue to pull back amid what appears to be a deepening recession.
By CHRISTOPHER S. RUGABER, AP Economics Writer
Wall Street economists expect retail sales in November fell 1.9 percent, according to a survey by Thomson Reuters.
That would be an improvement over October’s record 2.8 percent drop, but still the fifth straight monthly decline reported by the Commerce Department.
The report comes a day after the Labor Department said initial jobless claims rose to the highest level in 26 years, though the work force has grown by about half over that time.