U.S. retail sales rebound from winter chill, jobless claims fall

Comments (25)
TheNewWorld wrote:

-.6 For January +.3 for February = -.3 you have to love these reports. It is all based on how you want to frame it. Just like McCain being in denial about the economy in 2007, many are still in denial right now.

Mar 13, 2014 10:22am EDT  --  Report as abuse

Looking like the experts were right and the rightie/Obama haters/doomsayers were wrong about the cause of weak reports the last few months, go figure!

What are the chances that any of them will walk back their statements of the last few months?

Mar 13, 2014 11:12am EDT  --  Report as abuse
ChubbyWalt wrote:

@TheNewWorld: The numbers due to some nimrod who can’t do forecast or adjust seasonal effect properly. And guess what? The results of sales and services don’t indicate chilled-weather problem…just like 2011 when we had chilled weather too.

Mar 13, 2014 11:31am EDT  --  Report as abuse
grassroot wrote:

Running out of people to apply for unemployment.
This is how the “jobless rate” goes down.

Mar 13, 2014 11:32am EDT  --  Report as abuse
Rich_F wrote:

what a bunch of 3rd grade reading fluff. labor participation rate at a 35 year low. 70% of those out of work are able bodied folks under 55 years old. men working is at a record low 70% versus 87% in the early 1950′s. the BLS report shows the majority of job creation is in low wage/service sector and government. there are lies, damn lies and statistics use your brain and look beyond the propaganda.

Mar 13, 2014 11:37am EDT  --  Report as abuse
jdl51 wrote:

TheNewWorld

Didn’t read this part? It’s an unbiased report and shows both the strengths and weaknesses in today’s data. Overall it’s a very good report, even if you want to frame it in a negative light. Conditions are improving over the past three months, as most economists have been predicting. Should turn out to be a pretty good year. Sorry if that disappoints you.

“core sales in January were revised to show a 0.6 percent decline instead of only a 0.3 percent fall. That suggested consumer spending in the first quarter could be somewhat weaker, despite February’s rise in sales.”

Mar 13, 2014 11:49am EDT  --  Report as abuse
jdl51 wrote:

TheNewWorld

Didn’t read this part? It’s an unbiased report and shows both the strengths and weaknesses in today’s data. Overall it’s a very good report, even if you want to frame it in a negative light. Conditions are improving over the past three months, as most economists have been predicting. Should turn out to be a pretty good year. Sorry if that disappoints you.

“core sales in January were revised to show a 0.6 percent decline instead of only a 0.3 percent fall. That suggested consumer spending in the first quarter could be somewhat weaker, despite February’s rise in sales.”

Mar 13, 2014 11:49am EDT  --  Report as abuse

If you actually take the time to look at the Census Bureau report you’ll notice that the data is adjusted for seasonal factors but is not adjusted for price increases. That could be a problem.

You cannot draw conclusions from this report alone, good or bad.

Mar 13, 2014 12:15pm EDT  --  Report as abuse
TomC wrote:

Rich_F – In February, Government employment was as 21.851M down from 21.883MM a year ago. By the way, the employment of women is at an all time high. Maybe you need to look beyond your standard talking points.

Mar 13, 2014 12:21pm EDT  --  Report as abuse
gcf1965 wrote:

USA, you are kind of entertaining to follow on these boards. While “better” numbers are always preferred, one need only look at the weekly/monthly reports to see that they are back and forth with little or no real movement in a long time. In the periods where the reports are negative, you deny the significance of them, in the periods the reports are more upbeat, you praise them as proof positive that obama is doing great things. Truth is, the economy has done nothing more than reflect ripples for years with a little up and a little down, but over all no real level of change. As noted by TheNewWorld, we gained back about half of what was lost the previous month in sales. As for the weather, there is still little evidence, other than short term correlation, that it has affected the numbers. Lets see how the ups and downs go in the next several weeks; my prediction is they will continue to fluctuate broadly with each downswing being blamed on some other convenience and upswings being touted as proof of recovery all while the big picture remains unchanged.

Mar 13, 2014 12:32pm EDT  --  Report as abuse
Morpheous wrote:

No one hates Obama personally USAPragmatist, it’s just that most people dislike his handling of the United States of America. People like yourself, seem to be blinded from the damage he is doing to us around the world. I know you see it, but your blinded by your inability to see anything beyond partisan talking points. It’s sad that the German Chancelor has to be leading the Western responses to Putin. Very, very sad. But, you will see nothing wrong with Mr. Obama, even when our way of life crumbles before your very eyes. Sad, very sad.

Mar 13, 2014 12:42pm EDT  --  Report as abuse

@gcf1965, you say ‘Truth is, the economy has done nothing more than reflect ripples for years with a little up and a little down, but over all no real level of change.’ You are right there has been ups and downs but overall there has been SIGNIFICANT change to the positive since 2008, it has been a pattern of 2 steps forward one step back…

Dec 2008:
GDP SHRINKING at 7-8% annual rate
LOSING ~750K jobs a month

Feb 2013
GDP GROWING at 2-3% annual rate
GAINING ~150K jobs a month

Is the economy all roses? of course not as there are some fundamental changes that need to be done and only an act of Congress can accomplish them. And we all know that the GOP will NEVER do anything that has even a remote possibility of making Obama look good, who cares if it is good for the country or not.

You were one of the ones harping on the economists for using weather as an ‘excuse’ the last few months, now that it is looking more and more like they were right and you were wrong are you going to walk back your previous statements that it not the weather but Obama’s policies? I doubt it as you are much like a religious fundamentalist, even though all the facts tell one story, you believe and promote the opposite story. The right does this with so many different things, climate change being one of the most dramatic. All the facts/data point to one conclusion, yet the right believes basically the exact opposite. Talk about cognitive disconnect.

Mar 13, 2014 1:09pm EDT  --  Report as abuse
Rich_F wrote:

Hey TomC i got more ‘standard talking points’ to chew on that are bullish for the US Economy.

- Almost 30% of Americans under the age of 35 live with their parents.
- 56% of Americans have sub-prime credit
- 1 out of every 6 Americans are on food stamps
- $4 trillion Fed Balance sheet propping up the entire system. $1.5 trillion supporting the mortgage market alone
- Q1 GDP just cut from 3% to 1.5% by Goldman Sachs

one can go on and on and on given the ugly and unsustainable facts of our current predicament. and we’re supposed to believe the corner has been turned?

Mar 13, 2014 1:23pm EDT  --  Report as abuse
gcf1965 wrote:

Hey Rich, stop with your reality check, you are bumming the obama die hards (or is it blow hards), anyway, you are bumming them out with your sobering look at the way it really is. They do prefer to live in their carefully crafted fantasy land. Sadly, they are not just content to live there but are attempting to force all of us to wear blinders and ride this thing down as far as they can take it.

Mar 13, 2014 1:32pm EDT  --  Report as abuse

@Rich_F, it is one thing to see the problems it is quite another to know the cause of those problems and how to fix them. So I challenge you to identify the root cause and how you would fix that for each of the 5 items you listed, this is basic troubleshooting. This will tell us if you are more concerned with fixing our issues then just saying ‘Obama is bad’.

Mar 13, 2014 1:43pm EDT  --  Report as abuse
gcf1965 wrote:

Also on Reuters
“U.S. business inventories up, sales post largest drop in 10 months”
http://www.reuters.com/article/2014/03/13/us-usa-economyinventories-idUSBREA2C15Q20140313

Mar 13, 2014 1:55pm EDT  --  Report as abuse
TheNewWorld wrote:

@jdl51

I didn’t make a negative or positive out of it. I just said people like to frame the numbers how they want. Reuters chose to frame it as a rebound from winter chill. I hate to break it to Reuters but February had a horrible storm too. The most snow we have seen here in the south east for decades. At this point I would just look at the quarterly numbers and bigger picture as these monthly numbers and subsequent revisions are getting out of hand.

Mar 13, 2014 2:44pm EDT  --  Report as abuse
Crash866 wrote:

What if wasn’t the “weather”…we will see…

Mar 13, 2014 2:47pm EDT  --  Report as abuse
Crash866 wrote:

USAPragmatist2
I will…

Mar 13, 2014 2:47pm EDT  --  Report as abuse
Crash866 wrote:

Show the absolute evidence that says the weather was the only reason. Also let’s check back in 90 days to see what the numbers are and if the current numbers as they say “revised”.

Mar 13, 2014 2:49pm EDT  --  Report as abuse
Crash866 wrote:

USAPragmatist2
Correction…I won’t….but I will stand by that the weather is not the reason the numbers are bad but we will see…

Mar 13, 2014 2:50pm EDT  --  Report as abuse

Sigh, REuters is once again not showing my posts, I have made 2 or 3 with rebuttals to GCF and Rich_f, and nothing. I guess the truth haters are targeting me again. I will take that as a good sign, people are reporting me as abusive for calling them out for their lies.

Mar 13, 2014 4:22pm EDT  --  Report as abuse
Obsilutely wrote:

I love these comments. Don’t say anything or the Republicans will pounce with their dooms day apocalypse stories and statistics that have no context. After all, the only people that know anything about anything are Republicans…well except when it comes to the location of a certain set of WMDs…and math….and women…or pretty much anything that is not white and rich.

Oh, and they are all economists, too. Ronald Reagan deputized them into the “Armchair Economist Freedom Fighter Club”. derp derp derp

Mar 13, 2014 4:54pm EDT  --  Report as abuse
wilhelm wrote:

yes, the economy saw its shadow and retreated for six more weeks of sub-par performance…

this passes for ‘economics’ in murka.

Mar 13, 2014 5:03pm EDT  --  Report as abuse
TheNewWorld wrote:

@Obsilutely

I guess that means Bill Clinton deputized you as the “Armchair comedian who has nothing meaningful to say about the story”. derp derp derp

Mar 13, 2014 6:16pm EDT  --  Report as abuse
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