Trump celebrates ‘biggest one-month increase in retail sales of all time’ as figures soar by 17.7% in May
PRESIDENT Donald Trump has celebrated the "biggest one-month increase in retail sales of all time" as figures soared by 17.7 percent in May.
The massive jump came after months of lockdown across the nation due to the COVID-19 pandemic.
"Far bigger than projected.
"Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!" he added.
Dow Jones had originally anticipated an 8 percent jump in retail sales for the month of May – but figures from the US Department of Commerce showed that sales skyrocketed 17.7 percent compared to the previous month, reported.
Widespread shutdowns had battered the economy, as more than 95 percent of the US was under lockdowns.
Unemployment rates soared to 14.7 percent in April – the .
The , showing promise as the US began to reopen and Americans were able to get back to work.