U.S. Retail Sales and Labor Costs Show Lower Growth in December

U.S. retail sales for December were reported at 0%, falling short of the anticipated 0.4%, according to PANews. The previous month's figure was 0.60%. Additionally, the labor cost index for the fourth quarter showed a quarterly increase of 0.7%, which is below both the expected and previous rates of 0.80%. These figures indicate a slower growth in consumer spending and labor costs during the period.