Economics
Retail Holiday Sales Poised to Jump on U.S. Job-Market Boom
This article is for subscribers only.
Holiday retail sales will increase by 4.5% to 5% to more than $1.1 trillion this year as a strong U.S. job market offsets concerns about an economic slowdown and the trade war with China, according to Deloitte.
“Near record-low unemployment rates, coupled with continued monthly job creation, may encourage people to spend more during the holiday season,” said Daniel Bachman, Deloitte’s U.S. economic forecaster, in the company’s annual report on the U.S. holiday outlook.