Rising Employment And Consumer Confidence Fuels Retail Growth

Rising Employment And Consumer Confidence Fuels Retail Growth

The United States capped its best year for hiring in 15 years with a healthy gain in December, and growing strength in the retail sector has helped fuel the economic rebound.

Spending at retail stores and restaurants rose in November by the most in eight months, an early sign that Americans are spending some of the savings they are enjoying on gas-pump prices.

Car sales jumped 6 percent last year to the highest level since 2006, according to Autodata Corp. Analysts forecast that sales will reach 17 million this year, near the record of 17.3 million set in 2000. That should lead to more jobs at automakers, parts suppliers and dealers.

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