U.S. retail sales, labour market data paint upbeat economic picture
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WASHINGTON (Reuters) - U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.The economy's enduring strength was reinforced by other data on Thursday showing the number of Americans filing applications for unemployment benefits dropped to the lowest in nearly 50 years last week. Fears of an abrupt slowdown in growth..