U.S. holiday spending outlook brightens

11/24/2013 | Star Tribune (Minneapolis-St. Paul, Minn.)

Citing an unexpected pickup in U.S. consumer spending in October along with other favorable factors, economists are predicting a robust holiday shopping season. "Consumers are marginally better off. We have been adding more jobs, and while wages are somewhat flat, people who were earning nothing before are earning something now," said Thomas Simons, a money-market economist at Jefferies in New York.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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