By Bob Willis and Courtney Schlisserman
Dec. 24 (Bloomberg) -- Consumer spending in the U.S. fell less than forecast as cheaper gasoline left Americans with more cash, while jobless claims climbed to a 26-year high, signaling purchases will keep sliding into 2009.
Spending dropped 0.6 percent in November, and rose for the first time in six months after accounting for inflation, the Commerce Department said today in Washington. First-time unemployment benefit claims jumped to 586,000, and durable-goods orders declined less than anticipated, other reports showed.
It rose when adjusted for inflation.
Consumer spending rose in November.
Sounds like good news.
What's wrong with falling prices?
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