WNYT NewsChannel 13 on Nostr: American shoppers wrap up the year in a spending mood, boding well for the U.S. ...
American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
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American consumers showed a spending increase in December 2024, with retail sales rising 0.4% from November; the unemployment rate fell to 4.1% as employers increased hiring; December sales growth was driven by a 0.7% rise in car sales and a 2.3% increase in furniture purchases; holiday sales in November and December rose 4% year-over-year; inflation has stabilized around 2.7%; Coresight Research reported 7,327 store closures in 2024, a 58% increase from 2023; Joann filed for Chapter 11 bankruptcy for the second time; Macy's and Signet Jewelers reported disappointing holiday sales; retailers are preparing for potential tariffs proposed by Trump.
#ConsumerSpending #RetailSales #UsEconomy #Inflation #Bankruptcy #HolidayShopping #Employment #Tariffs #EconomicGrowth #MarketTrends
https://wnyt.com/us-news/american-shoppers-wrap-up-the-year-in-a-spending-mood-boding-well-for-the-u-s-economy/
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American consumers showed a spending increase in December 2024, with retail sales rising 0.4% from November; the unemployment rate fell to 4.1% as employers increased hiring; December sales growth was driven by a 0.7% rise in car sales and a 2.3% increase in furniture purchases; holiday sales in November and December rose 4% year-over-year; inflation has stabilized around 2.7%; Coresight Research reported 7,327 store closures in 2024, a 58% increase from 2023; Joann filed for Chapter 11 bankruptcy for the second time; Macy's and Signet Jewelers reported disappointing holiday sales; retailers are preparing for potential tariffs proposed by Trump.
#ConsumerSpending #RetailSales #UsEconomy #Inflation #Bankruptcy #HolidayShopping #Employment #Tariffs #EconomicGrowth #MarketTrends
https://wnyt.com/us-news/american-shoppers-wrap-up-the-year-in-a-spending-mood-boding-well-for-the-u-s-economy/