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Commerce Dept: March retail sales rise 0.6%

April 16, 2018

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The economy is chugging along nicely at this point —consumer confidence is high, unemployment is low and wages are growing — although the March employment picture was a disappointment, and some experts believe that uncertainties introduced by talk of tariffs and trade wars may be interrupting an employment turnaround.

Macroeconomic fundamentals underpinning the economy remain strong, and companies are in a position to invest, but ​Challenger, Gray & Christmas CEO John Challenger last week cautioned that a period of job creation may be coming to an end as wages grow and labor markets tighten.

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