ENP Newswire -
Release date- 12062014 - US Close: Stocks slide after US data misses forecasts.
'The disappointing 0.3% rise in US retail sales values in May (consensus +0.6%) implies that some of the weakness in the first quarter has continued into the second,' said Capital Economics.
'That said, with payrolls now rising by more than 200,000 a month, this is unlikely to last.' Initial jobless claims came in at 317,000 in the week to
'This suggests that aside from seeing fewer job cuts, we're also seeing job creation pick up to the point that people are able to move from one job to another without having to sign on,' Erlam said.
'This is an encouraging sign that the labour market is getting back to good health, although clearly, it's not quite there yet.' The Federal Reserve has been monitoring the labour market closely to gauge the health of the economy in determining whether to continue scaling back bond purchases.
Meanwhile, investors are also watching
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