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Catalyst Watch: Non Farm Payrolls, TikTok Ban?
Wall Street Breakfast
**Pandanmic. The Economic Outlook for the Retail, Restaurant, and Leisure Industry. **
During the pandemic, people spent more on electronics but now there's a pullback. Best Buy had downbeat sales and Home Depot, Lowe's also reported lack of interest in home remodeling due to pandemic DIY. Home Depot and Lowe's both earmarked money for frontline workers but compete with each other for low level roles. Many companies are struggling to attract workers resulting in wage inflation. Retail, restaurant and leisure industries are facing a tight labor market. It's something to keep an eye on in earnings reports.
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