Chart of the Day: Hooray! We’re Shopping Again!

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A couple of days ago the big headline was “Why Aren’t People Shopping?” Today it’s “U.S. Retail Sales in April Grew at Best Pace in More Than a Year.” What a difference a single new report makes.

Anyway, retail sales were up 1.3 percent from March and 2.8 percent over the past year. The biggest winner was building supplies. The housing bubble is back! The biggest loser was gasoline, but only because oil prices have been so low. The real biggest loser was electronics and appliance stores. I guess there just haven’t been many must-have gadgets released in the past year. Apparently the smart watch revolution continues not to happen.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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