Another notable miss on US weekly initial jobless claims which came in at 885,000. This compares to consensus expectations in the range of 808,000-820,000 ... and a prior week reading of 853,000. The bottom line for the US economy is the same as that derived from yesterday's retail sales data: A notable and accelerating weakening led by jobs and consumption. #economy #markets #jobs #employment #unemployment #growth #recession …see more