Retail sales rise 0.3% in February, the report's first gain in three months, and jobless claims dip to 315,000. OppenheimerFunds chief economist Jerry Webman tells TheStreet's Joe Deaux jobless claims this week look solid, but he warns against getting too excited about retail sales. When asked if this signals the ebbing of a weather-related drag, Webman says it could be, and he expects the economy to pick up this spring. Webman also says the data was "surprisingly" strong through this harsh winter.

More from Video

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play

Jim Cramer: Williams Sonoma Is a Digitized Play

Jim Cramer: Williams Sonoma Is a Digitized Play

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Video: Jim Cramer on Netflix, Disney, Intel, Micron and Goldman Sachs

Video: Jim Cramer on Netflix, Disney, Intel, Micron and Goldman Sachs

Sprout CEO: Don't Call Her Drug the Female Viagra

Sprout CEO: Don't Call Her Drug the Female Viagra