The Black Friday shopping season has kicked off, and the retail sector has become the focus
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The Black Friday shopping season has begun, and it is expected that the number of shoppers in the United States will reach a historic high of 183.4 million. Benefiting from relaxed interest rates, slowing inflation, and strong holiday sentiment, consumer spending is expected to grow by 2.5% to 3.5% year-on-year, reaching between $979.5 billion and $989 billion. Retailers will hire between 400,000 and 500,000 seasonal workers. The U.S. stock market retail sector has performed strongly, with the S&P 500 consumer discretionary sector up 25% year-to-date
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