Thursday finally brought on a lot of new economic data for investors to peruse from the Labor Department and Commerce Department. This on the heels of several days in a row of almost no real economic reports worth noting. Released were the weekly jobless claims, retails sales and import/export prices.
Weekly jobless claims came in at 334,000, but Bloomberg had estimates of 350,000, versus a preliminary report of 346,000 last week (last week was unrevised). The four-week average fell by 7,250 to 345,250, and the continuing jobless claims (with a one-week lag) were up by 2,000 to 2,973,000.
Retail sales came out for the month of May at +0.6%, above the Bloomberg consensus estimate of 0.5% on the headline data. Ex-auto retail sales were up by 0.3%, versus the Bloomberg consensus of 0.4%. This was pretty much right in line with estimates.
The last reading that the investment community was…
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