Black Friday Shopping in Orange County Will Have its Ups and Downs This Year

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An uncertain economy that has shown signs of strengths, but also weaknesses, will likely have shoppers on Black Friday wary of splurging and retailers offering deep discounts to win back consumers, according to a Chapman University economics expert.

On the one hand, the jobs market has been “very robust and very strong” with 260,000 jobs added in October, including 56,700 in California, according to Raymond Sfeir, director of the A. Gary Anderson Center for Economic Research at Chapman University, “So the labor market is very strong.”

The hourly wage rate in the private sector has registered a 4.7% year-over-year increase according to figures released in October, which is “not bad, even though it is 3% lower than the inflation rate. But, unfortunately, those wages are still declining because the inflation rate is above the rage of wages,” Sfeir told City News Service

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