Daily Archives: Mar 13, 2014 at 01:38 pm EST

A Round Of Upbeat News For Jobless Claims & Retail Sales

Retail spending revived last month and new filings for unemployment benefits declined last week, according to this morning’s reports from the government. In both cases the changes beat expectations with surprisingly upbeat data. But there are two issues that remain worrisome. First, the year-over-year rate of growth for retail sales is still falling. Second, the annual decline in jobless claims in today’s release remains modest by recent standards. But for now, the economic news is positive in terms of the latest changes, even though there’s still plenty of room for doubt about what’s in store for the months to come.
Continue reading