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Matching jacket and narrow skirt with a kick pleat in the back. 
Skirt size label is 12, but it seems it would be smaller in today's standards.  Waist measurement is 25 inches. 
Suit from 1940s-50s, labeled with "Claret Original", sold through Leventhals of Kingston, N.Y. 
Built in 1888, 288 Wall Street was originally home to Leventhal’s Furs. A family owned business, Leventhal’s specialized in high end furs and custom design. In time the inventory was expanded to include high end fashions and the name of the shop was changed to Leventhal’s Furs and Fashions.   It remained in business until mid 1990s. 
If you have any questions, feel free to contact me.