US Retail Sales Rise in July; Softening Job Market Poses Risk to Spending

U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter.

The rise last month together with an upward revision to June's sales data eased some concerns that economic activity was stalling following weak employment growth over the past three months. The report from the Commerce Department and a survey from the...

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