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Retail Sales Jump and Jobless Claims Drop in New Signs of Recovery: Live Updates



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Here’s what you need to know: Shoppers in New York City on Tuesday. Retail sales surged last month, and the latest jobless claims report also provided fresh signs of economic revival.Credit…Gabby Jones for The New York TimesJobless claims fell last week to their lowest level of the pandemic and the latest data on retail sales blew past expectations, renewing confidence in a dynamic economic revival.About 613,000 people filed first-time claims for state unemployment benefits last week, the Labor Department said Thursday, a decrease of 153,000 from the previous week.In addition, 132,000 filed for Pandemic Unemployment Assistance, a federal …

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