President Joe Biden’s economy is shooting through the roof, and we just received one more piece of evidence to prove that. Economists just notified the country that holiday sales were positive, extremely positive. Look at these numbers.
This year these sales increased by 10.7 percent over the 2019 numbers. That was startling evidence even with the pandemic. Better yet, this was the quickest rise in sales in the past 17 years, the Associated Press reported.
Now, of course people have been very worried about inflation, the port chokepoints, and even a shortage of truck drivers and others in the supply chain. So how did this good news happen?
The rapid rise in sales may have been influenced by yet another COVID-19 variant, the Omicron. People could be worried that this was our last “new normal,” the Axios reported.
In addition, the AP reported internet sales jumped an astounding 61 percent since 2019 in the clothing and jewelry sectors alone. Last October, the National Retail Foundation estimated that holiday sales would increase in the last two months of 2021 by 8.5 percent to 10.5 percent over 2020. Last year, internet sales increased 8.2 percent in November and December.
NBC News reported that the economy presented a complex, but positive picture:
‘Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and the omicron variant in the last few weeks of the season, according to one spending measure.’
The Associated Press noted:
‘[R]etail trade group is slated to release a broader picture of sales performances next month.’
The New York Times supported the AP’s numbers:
‘Retail sales in the United States jumped nearly 11 percent this season compared with the holiday period in 2019, the year before the pandemic upended the global economy, according to a report Mastercard published on Sunday.’