U.S. initial jobless claims unexpectedly rose 18,000 to 460,000 in the latest week. Economists surveyed had expected a 1,000 decline. The decline was partially attributed to the Easter holiday and seasonal factors. Continuing claims were in-line with expectations, falling 131,000.
Meanwhile, retailers reportedstrong same-store sales results showing encouraging improvement in consumer confidence. Same-store sales rose 9.1% last month, the best monthly improvement since Thomson Reuters began tracking the figures a decade ago. Gains were broad-based, from discounters to luxury retailers.
good news
Thursday, April 8, 2010
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