Sal Guatieri, senior economist at BMO Capital Markets said the revisions painted “a much weaker portrait of the job market than initially thought.
Jobs data shows U.S. job market was much weaker than thought in 2024, and this year as well
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“American shoppers blew the doors off retailers in January," said Sal Guatieri, an economist at BMO Capital Markets, in a note to investors. “Many households treated themselves after a less-than-merry holiday season."
US retail sales jumps 5.3%, thanks to $600 stimulus checks
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