Good Signs: Retail Sales up, CEOs in Hiring Mood
(AP) — A strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected. Retail sales are rising, boosted by the best month for department stores in two years. Inflation remains tame. Businesses are restocking their shelves in anticipation of more consumer demand. And a survey of CEOs at America’s biggest companies suggests hiring will pick up in the next six months. High unemployment remains a concern. The Federal Reserve singled out the nation’s 9.8 percent jobless rate Tuesday when it said it plans to maintain the pace of its $600 billion Treasury bond-buying program.
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