Just the Facts: Holiday Shopping across the Country🎁

Wondering how American businesses weathered this holiday season? Check out some of the season highlights from ABC News below:

• From November 1 to December 24, retail sales rose by 3.8% compared to last year.

• Between 2022 and 2023, there was only a 3.1% growth rate in retail sales from Nov. 1 to Dec. 24

• The product with the biggest growth in sales was in jewelry, with a 4% jump from last year’s holiday season.

• Compared to last year, online shopping spending grew by 6.7%.

• Consumer spending makes up almost three-quarters of all economic activity in the U.S.

• The national unemployment rate stands at just 4.2%.

• Gross domestic product grew at a solid 2.8% annualized rate over three months ending in September.