The Christmas shopping season is off to a poor start, with dim results coming in from various sources showing lower traffic and slower spending. The reason is easy enough to identify, starting with the latest labor report from the government. Hiring fell sharply before summer and never came back, all of that leading up to the holidays.

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Bloomberg Tally of US Shoppers Slipped During Key Holiday Weekend
https://www.bloomberg.com/news/articles/2024-12-03/tally-of-us-shoppers-slipped-during-key-holiday-weekend

CSA Cyber Monday online sales hit new record of $13.3 billion
https://chainstoreage.com/cyber-monday-online-sales-hit-new-record-133-billion

Investing.com US JOLTs Job Openings Surpass Forecasts, Indicating Stronger Labor Market
https://za.investing.com/news/economic-indicators/us-jolts-job-openings-surpass-forecasts-indicating-stronger-labor-market-93CH-3450582

Observer.com ‘Ghost Jobs’ Are on the Rise—And They Are Hurting More Than Just Job Hunters
https://observer.com/2024/06/ghost-job-rise-labor-data/

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