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Friday, November 26, 2010

Holiday Sales Point Up, But Is That Enough To Create Long-Term Jobs?

Black Friday shoppers negotiate a traffic jam in the aisles of Toys R Us in San Rafael, Calif. (AP)

Stores and malls were crowded overnight as consumers went out early for bargains. One analyst called it “a dog fight between retail companies” that are making a grab for shoppers’ holiday dollars before their money runs out. This is the first year since the recession hit that businesses are expecting sales to go up significantly, but will an uptick be enough to bring down long-term unemployment? We speak with Greg Ip, U.S. economics editor for the Economist Magazine. His new book is “The Little Book of Economics: How The Economy Works In The Real World.”


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