The Week's Agenda: Holiday Shopping, Employment Numbers

Monday, November 28, 2011

Children wait with shopping bags inside Macy's department store on 'Black Friday.' (Chris Hondros/Getty)

Over the weekend, U.S. retail sales climbed 16 percent, hitting a record total of $52.4 billion, according to the National Retail Federation. The average shopper spent $398.62 during the holiday weekend. Despite these promising retail numbers, other economic indicators aren't as positive this week. 

Analysts are predicting that the Labor Department's latest unemployment report, set to be released this Friday, will reveal that the jobless rate will remain the same despite holiday hiring. President Obama is set to promote his American Jobs Act in Pennsylvania later this week, and will host the US-EU summit in Washington on Monday to offer solutions for the European debt crisis.

Maggie Haberman, senior political writer for Politico and Charlie Herman, economics editor for The Takeaway and WNYC join the program for a look at the week ahead.

Comments [1]

listener

The fact that some can celebrate Black Friday and while they celebrate OWS shows how profound the confusion is among the media and how unserious the coverage has become as they jump from one bandwagon to another.
Corporations have too much power but its great news they make so much money during the holidays? huh?

Why blame a President who had the debt go to over $4 trillion under his watch which now must be cut and who could have called for a raise of taxes last year when his party controlled Congress but put it off for political reasons?
What the Senator from NY is proposing is just more half baked redistribution of wealth for crass political reasons so at least they are consistent in their demagoguery.
The "Tea Party Agenda" is the only small hope to keep the ruinous spending in check as we reach $15 trillion in debt which leaves the future of our nation in doubt.

Nov. 28 2011 09:27 AM

Leave a Comment

Email addresses are required but never displayed.