Employment in the United States is at a 50-year high as the economy increased by 266,000 jobs in November 2019. Wages also increased by three percent from the beginning of the year.

Trade war talks with China and reports of companies struggling to fill open positions have not dampened the pace of hiring in the United States or the resilience of the job market and economy. The increasing job growth has assured consumers that the U.S. economy is growing, which means their jobs and income are staying secure.

Consumers in the U.S. entered the holiday season with the ability and the willingness to spend, according to the Conference Board, a business research group. There are no concerns about a recession in the American economy.

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