What slowdown? Holiday sales seen jumping as job market booms

A DELOITTE STUDY predicts that holiday retail sales will be strong, as low jobless rates will overcome concerns about an economic slowdown and the trade war with China. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
A DELOITTE STUDY predicts that holiday retail sales will be strong, as low jobless rates will overcome concerns about an economic slowdown and the trade war with China. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK – 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…

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