For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail...
For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible?
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