Thursday, January 14, 2010

Retail Sales Down, Unemployment Claims Increase

The good news just keeps on rollin in...
WASHINGTON (Reuters) - Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.

The Commerce Department said total retail sales fell 0.3 percent last month, the first decline in three months, after rising by an upwardly revised 1.8 percent in November. Sales in November were previously reported to have increased 1.3 percent.

Analysts polled by Reuters had forecast retail sales gaining 0.5 percent last month.
NEW YORK ( -- The number of Americans filing for initial unemployment insurance rose more than expected last week, the government said Thursday.

There were 444,000 initial job claims filed in the week ended Jan. 9, up 11,000 from a revised 433,000 the previous week, the Labor Department said in its weekly report.

A consensus estimate of economists surveyed by expected new claims to rise to 437,000.

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