Dollar Stores

Dollar and discount store 2021 earnings season is on the horizon, leading us to dig into unemployment rates across the wage spectrum.

The headline unemployment rate, reported at 6.3% in January, has come a long way from the 14.8% a year ago April, and in fact has continued to improve every month since. However, the Federal Reserve believes unemployment is likely above 20% for 20% for workers in the bottom wage quartile.

The dollar and discount stores report a January 2021 stimulus-driven jump in spending by low-income households. A similar jump in spending is forecast for March.

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