It's The Economy Stupid: Jobless Claims & Retail Sales

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Advance Retail Sales	DEC	0.3%	0.1%	0.2%	0.4%
Retail Sales Less Autos	DEC	0.3%	-0.2%	0.2%	0.3%
Retail Sales Ex Auto & Gas	DEC	0.4%	0.0%	0.2%	-
Retail Sales "Control Group"	DEC	0.3%	-0.2%	0.2%	0.3%
Initial Jobless Claims	JAN 7	375K	399K	372K	375K
Continuing Claims	DEC 31	3595K	3628K	3595K	3609K

 

 

Okay, no one saw the increase in jobless claims coming.  That was a negative surprise.  And frankly, the December retail sales was an abysmal number. (Remember December?  There’s this Christmas thingy that goes on in December.  Supposedly a lot of people buy stuff for that.) Ugh!  Seems like we take a couple of steps forward, and then a giant step backwards. 

 

Oh well, one month doesn’t make a trend.

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street,

Turn Left to get to North Blvd,

Turn Right on North Blvd