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Daniel Zhao
DanielBZhao
#Retail spending fell 1.1% in November, worse than expected & 2nd straight month of declines.-1.1% MoM is not enough to pull spending below pre-crisis levels (still +3.6%), but signals that
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Wow, UI claims rebounded to 1.38 million (948K UI initial claims NSA + 428K PUA claims) last wk after the Thanksgiving lull, worst since Sep!Prior week's drop was likely fluke
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UI claims fell to just over 1 million (714K UI initial claims NSA + 289K PUA claims) last wk due to the holiday wk.The slowdown is likely due to a
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UI claims dropped more than expected last wk after stalling out for several wks.Workers filed 723K UI initial claims + 298K PUA claims = another 1.02 million claims NSANote this
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