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.

If you liked this article you might like

Amazon Roadkill; Northrop Deal Synergies -- Jim Cramer's Top Thoughts

This Is How to Avoid Becoming Amazon Roadkill

Wall Street Overlooks Trump's North Korea Threats to Hit New Records