Seasonal factors impact retail jobs in the US


February 9, 2014 | By RetailME Bureau

US-based retail trade association The National Retail Federation (NRF) has calculated retail employment was down by 21,600 jobs in January in spite of recording an increase of 230,000 jobs year-over-year. December retail employment figures were revised to show a gain of 57,000 jobs.

“While it is always positive to see an increase in private sector hiring and a decrease in unemployment, it is alarming that employment can’t shift into a higher gear,” says NRF president and CEO Matthew Shay.

“Despite seasonal factors at play in the January employment report, it remains incumbent on policymakers to lead the nation’s recovery and move beyond partisan disputes over raising the debt ceiling and refocus attention on patent, tax and immigration reform, which will spur economic growth, opportunity and job creation,” adds Shay.

“Once again the jobs report was disappointing and weather was a major factor,” observes Jack Kleinhenz, NRF chief economist. “Even though employment gains in the retail sector declined for the month due to severe winter weather and additional seasonal factors, the economy is primed for a rebound. The decreases in retail jobs were mostly localised and focused on specific categories, especially sporting goods, hobby, book and music stores.”

The Bureau of Labour Statistics Employment Situation report showed that January total nonfarm payroll employment rose by 113,000 with the unemployment rate at 6.6% and the labour force participation rate at 63.0%.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley




Download Images RetailME Magazine