New York City's population is at an all-time high, with an estimated 8,336,697 people living in the city, according to the most recent U.S. Census Data. "For the first time since before 1950, more people are coming to New York City than leaving," said Mayor Bloomberg, announcing the gains Thursday.
Retail sales rose an estimated 1.1 percent in February from January and were up 4.6 percent from February 2012, the Census Bureau says.
Kathy Bostjancic director of macroeconomic analysis at the The Conference Board research group, says in an analysis sent to reporters that the report's a sign that "consumer spending remains relatively robust." And since consumers buy about 70 percent of all goods and services, their willingness to spend is a key economic driver.