June retail sales jump 7.5 percent; weekly jobless claims above 1M

According to numbers from the U.S. Census Bureau, June saw total retail sales rise to $524.3 billion, up 7.5 percent from $487.7 billion in May. Total sales even went up by 1.1 percent in June compared to the same month the previous year. The new economic numbers provide an early estimate of monthly sales across various types of U.S. retail and foodservice firms.

In June, U.S. retail sales jumped up by 7.5 percent as the country reopened, with consumers returning to stores and restaurants. Clothing in particular saw a big rebound. Even big-ticket items made it to shoppers’ lists, as sales of motor vehicles, furniture, clothing and electronics all increased.