New U.S. Economic Data Due Out Soon

The government this week will release information on retail sales, jobless claims and inflation. The data will give Americans a clearer sense of whether a recession has already begun.

Experts say we're likely to learn that more Americans have been losing jobs and cutting down on spending and that despite this, prices keep going up.

The economy had been chugging along in 2007, and then in August, the first signs of the subprime credit crisis were apparent. Since Christmas, it's become clearer and clearer that we're in a broad economic downturn. And inflation keeps going up.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.