Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Retail Employment Dropped in March but Overall Job Gains Point to Economic Growth

Posted by fidest press agency su lunedì, 8 aprile 2019

Retail industry employment in March was down by 11,700 jobs seasonally adjusted from February and down 47,400 jobs unadjusted year-over-year, the Labor Department said today. The retail numbers, which exclude restaurants, came as the nation saw a monthly gain of 196,000 jobs overall.
“Consumer confidence and consumer spending were down earlier in the year, so the retail numbers likely reflect merchants’ hesitancy to add to payrolls under those conditions,” Kleinhenz said. “But it’s important to remember that the economy historically slows down in the first quarter. And there have been record numbers of retail job openings – more openings than retailers can fill – so the tough hiring market is also a factor.”March’s retail job numbers followed a revised loss of 18,500 jobs in February from January. Retail’s three-month moving average as of March showed a decline of 4,400 jobs.March saw month-over-month gains of 2,700 jobs at sporting goods stores, 2,500 at furniture and home furnishing stores and 2,200 at auto parts stores. But those were offset by losses of 7,700 at health and personal care stores, 7,200 at general merchandise stores and 3,000 at clothing and clothing accessory stores.Economy-wide, average hourly earnings in March were up 4 cents over February to $27.70, a year-over-year increase of 3.2 percent that builds on a 10-cent gain seen in February. The Labor Department said unemployment remained at 3.8 percent, unchanged from February. The 196,000-job overall gain in March was nearly 10 times the 20,000-job gain originally reported for February, which was revised today to 33,000.Retail job numbers reported by the Labor Department do not provide an accurate picture of the industry because they count only employees who work in stores while excluding retail workers in other parts of the business such as corporate headquarters, distribution centers, call centers and innovation labs.

Rispondi

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione /  Modifica )

Google photo

Stai commentando usando il tuo account Google. Chiudi sessione /  Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione /  Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione /  Modifica )

Connessione a %s...

 
%d blogger hanno fatto clic su Mi Piace per questo: