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Retail Sales Jump In March, Unemployment Claims Down Again

Retail Sales Jump In March, Unemployment Claims Down Again
Ye Olde Curiosity Shop, Seattle, Washington

U.S. retail sales MoM for March saw a large increase of 1.6% vs consensus estimate of 0.9%. Ex-autos the number was a 1.2% increase vs 0.7% estimate.

Initial jobless claims come in at 192K vs 205K consensus estimate. Continuing claims were 1.653MM vs 1.72MM estimate.

The data shows hiring and consumer spending remain robust in the Trump’ economy.

One piece of bad news was the Philadelphia Fed Manufacturing Survey which was reported at 8.5 in April vs 10.5 estimate, showing more possible weakness in manufacturing.

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