Motley Fool Money Big Buys, New Highs, and Hot Holiday Toys
Dec 4, 2020
Jackie Breyer, Editorial Director of The Toy Book and The Toy Insider, shares her insights on the toy industry’s comeback after the pandemic. She discusses the impact of major retailers on toy sales and the urgency of holiday shopping. Scented Play-Doh makes a fun appearance as part of innovative new products. The rise of chess set sales is also highlighted, driven by a popular show. Breyer paints a vivid picture of how classic brands from Hasbro and Mattel are thriving amidst shifting trends in children's entertainment.
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Slowing Job Growth
- The U.S. economy added 245,000 jobs in November, with the unemployment rate falling to 6.7%.
- This is the fifth consecutive month of slowing job growth, causing concern about economic recovery.
K-Shaped Recovery
- A K-shaped recovery is occurring, benefiting high-wage earners and investors while gig workers struggle.
- The employment rate for those earning over $60,000 annually is up, but low-wage jobs are down nearly 20%.
Stimulus and Vaccine Needed
- Another stimulus package is needed to support those struggling until a vaccine is widely available.
- A vaccine is crucial for achieving a V-shaped or U-shaped recovery, which is more inclusive.