US retailers add 37,000 jobs in November

Employment in the retail industry increased by 37,000 jobs in November, says National Retail Federation (NRF). 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.

“Today’s robust jobs report shows a broadening improvement in the labour market and confirms expectations of a strengthening and expanding economy,” affirms 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 towards a more stable labour market in the near future. 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 adds. “Many of those seasonal positions will ultimately turn into full-time jobs next year.”