Economics Group
Weekly Economic & Financial Commentary
U.S. Review
Mixed Results from Economic Data Releases This Week
- Retail sales increased a lower-than-expected 0.3 percent in May, with the underlying details suggesting a slower pace of sales growth than originally estimated. Discretionary spending categories such as general merchandise, clothing stores and restaurants posted the largest declines.
- JOLTS showed that the job openings rate rose to 3.1 percent from 2.9 percent in April. There were 4.5 million job openings in April, up from 4.2 million in March. The level of job openings is the highest since September 2007.
- Initial jobless claims unexpectedly rose to 317,000 in the week ending June 7 from 313,000.
Follow the link below for the full report.
Wells Fargo Weekly Economic & Financial Commentary – June 13, 2014
Tags: economy