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U.S. retail sales fell an unexpected 0.3% in December, signaling restraint by consumers during the holidays as the economy wrestles with high unemployment. Economists surveyed by Dow Jones Newswires forecast a 0.5% increase. November sales, however, were adjusted upward to a 1.8% increase from a 1.3% gain.
In a separate report, the number of U.S. workers filing new claims for jobless benefits unexpectedly increased last week by 11,000. But a drop in the four-week moving average to its lowest level since August 2008 showed claims are still trending downward. Total claims lasting more than one week, meanwhile, decreased.
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https://online.wsj.com/article/SB10001424052748704281204575002722779631414.html?mod=djemalertNEWS
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