The low end of the retail universe continues to suffer from energy costs, weak income improvements, and a difficult job market.
New Jobless claims surprised to the upside, with another 8,000 added to the ranks of newly unemployed, versus a consensus of -14,000. That sends new weekly unemployment claims to 357,000. Many Economists use 350k as their line in the sand for whether the economy is creating jobs faster than population is growing. Applications for unemployment benefits now stand at a 10-week high.
All this suggests that the glass is half filled; The pace of job creation, which some have quite charitably described as "modest," continues to show signs of slowing.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.