retail sales

Recession watch: retail sales, new jobless claims rolling over

One of the things I wanted to try here is to post bits of significant economic data that would scroll off the page on the great orange satan in about 10 minutes. One of those items was yesterday's retail sales number. For about the last 6 months, most economic data has been deteriorating steadily, but two of the holdouts were retail sales and jobs data. A couple of weeks ago the December nonfarm payroll number finally went negative.

NonFarm Payroll

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