U.S. Retail Sales Fall 0.2%; Wholesale Prices Drop

U.S. Retail Sales Fall 0.2%; Wholesale Prices Drop Play

June 13 (Bloomberg) -- Retail sales in the U.S. fell 0.2 percent in May for a second month as slower employment and subdued wage gains damped demand, a sign the world’s largest economy is cooling, Commerce Department figures showed today in Washington. Wholesale prices in the U.S. dropped 1 percent in May, the most since July 2009, following a 0.2 percent decrease the prior month, Labor Department figures showed. Betty Liu, Dominic Chu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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