December 5, 2014
Retail industry employment increased by 37,000 jobs in November, the National Retail Federation said today. Consistent with seasonal hiring patterns, employment gains were seen in most retail categories, including a marked increase of 11,300 jobs in clothing and clothing accessories stores. NRF does not include automobile dealerships, gasoline stations or restaurants in its calculations.
“Today’s robust jobs report shows a broadening improvement in the labor market and confirms expectations of a strengthening and expanding economy,” NRF Chief Economist Jack Kleinhenz said. “Solid seasonal demand, reduced prices at the pump and improving – though erratic – levels of business and consumer confidence have all supported job gains.”
“We remain optimistic that we are gaining ground and traction toward a more normal and stable labor market in the near future,” Kleinhenz said. “The real nugget in this report was the gain in average hourly earnings. Improving wages and salaries will create much-needed pressure in the market and help lift demand.”
“The report is consistent with our holiday sales and employment forecast, which concluded that retailers will hire between 730,000 and 790,000 seasonal workers this season,” Kleinhenz said. “Many of those seasonal positions will ultimately turn into full-time jobs next year.”
Source: National Retail Federation
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