Moderate Rebound in US Retail Sales in February 2023

Retail sales in the United States showed a moderate increase in February 2023 despite persistent inflation and high interest rates that continue to pressure consumers. According to the U.S. Department of Commerce, retail sales rose by 0.3% compared to January, a positive signal for the economy considering the challenging conditions faced by American households.

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Private Sector Adds Just 77,000 Jobs in February, Well Below Expectations

According to a report from ADP, the private sector in the United States added only 77,000 jobs in February, which came as a sharp disappointment compared to analysts’ expectations. Predictions ranged from 120,000 to 200,000 new jobs, and such low growth raises concerns about the overall state of the economy. In January, revised figures showed an addition of 119,000 jobs, also below initial estimates.

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