In November, consumer credit surged an unexpected $20.37 billion, the biggest gain in a decade. Analysts predict things will have come back down to earth when December’s numbers come out Tuesday; they project a $7 billion increase.
Last week, the Labor Department said jobless claims for the week that ended Jan. 28 fell to 367,000, down 12,000 from the previous week and the lowest level in nearly four years. That number is expected to rise slightly, to 370,000, in a report coming Thursday.
Wholesale inventories are a key retail indicator because distributors boost stockpiles if they expect retailers to order more goods. Inventories are projected to have increased by 0.5 percent in December, a significant improvement from a 0.1 percent increase in November. That said, though retail sales made gains in December, retailers didn’t get as much of a holiday boost as some had predicted. So December’s inventories might not be completely in step with the health of the retail industry. The report is expected Thursday.
TUESDAY AND WEDNESDAY: Power Up Social Strategy, marketing strategies for social media; 8 and 10:30 a.m., 2 and 4:30 p.m. each day; Be My Guest Events and Catering, 4216 Washington Road, Evans; free; (706) 823-3445
WEDNESDAY: CSRA SHRM luncheon, speaker is Georgia Labor Commissioner Mark Butler; 11:45 a.m., Augusta Marriott at the Convention Center, 2 10th St.; $20 for nonmembers; (706) 722-0493, ext. 130