
Retail data for December came in weaker than projected, suggesting that holiday shoppers took advantage of post-Thanksgiving sales in late November and avoided spending sprees in the weeks leading up to Christmas. Excluding autos, sales were down 0.2 percent from November to December. Year-over-year, non-auto sales were up 6.0 percent in December, slipping from 6.8 [...]
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Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining. Household Survey Data Both the number of unemployed persons (13.1 million) and the unemployment [...]
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