Is Weather Truly to Blame for Dips in Eco Data?

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March 20 (Bloomberg) -- Bloomberg’s Michael McKee examines the true impact of winter weather on the United States economy on Bloomberg Television’s “In The Loop.”

Bit exaggerated.

Jobless claims today, not bad.

As excuses go, not a bad one.

Let's throw out the video.

Let's take you in mr.

Peabody's way back machine and go back to february.

It was a snowy winter.

It was a cold winter.

The national weather service has a map that shows how cold it was almost the entire country.

Temperatures below normal and a lot below normal in the midwest during the month of february.

You would think it should have affected the economic data.

What would it affect the most?

Housing.

Are you going to go out and build a house?

Look at the data.

Almost no change.

In january and february, better than i was -- than it was in august and september.

We had a little bit did down in the month for jobless claims, but in the last five years, they have been pretty stable month over month.

You do not see a big weather affect.

This is something people have wondered about in terms of retail sales.

How many of us went out?

We see a dip.

You can see on the left-hand side, the down -- down at the bottom, that is retail sales this year.

The other lines are retail sales during the months in previous years where we have had a lot of snow.

What is wrong with this year?

Could it be something other than the weather?

Weather has played an

This text has been automatically generated. It may not be 100% accurate.

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