Retail Sales Rebound and Initial Claims Decrease?

“We’re off to a fairly strong holiday-spending season,” said Millan Mulraine, senior U.S. strategist for TD Securities in New York.
Bloomberg Pumps a Whole Lot of Nothing

Covered employment, those employed that are eligible to file for unemployment benefits:
7/7/2001:     128,116,562
11/17/2012: 128,066,082

Eleven years later and there are less employed that are eligible to file for unemployment insurance. Widely stated estimates for new entrants into the US workforce put that number at 1.8 million per year. 1.8 million times 11 = 19.8 million workers unaccounted for and missing.