Home / Knowledge / News / Apparel/Garments / US retail employment up 229,000 y-o-y in March - NRF
US retail employment up 229,000 y-o-y in March - NRF
05
Apr '14
In response to the March jobs report, The National Retail Federation (NRF) President and CEO Matthew Shay said, “After a long, harsh winter that put many retailers at a disadvantage in terms of inventory control and staffing their stores, merchants are eager to move forward with their spring hiring and operational plans”. 
 
“Though we can report relatively positive figures for March, there’s still noticeable slack in the labor market; in order to see momentum in economic growth through 2014, it’s imperative our leaders in Washington put job creation and the economy back at the top of their agenda, giving businesses the confidence they need to grow and invest.”
 
In a recent consumer survey conducted by Prosper Insights & Analytics, more than half (51.9%) of Americans surveyed agreed the U.S. economy should be a top priority for Congress in 2014; 46 percent said job creation/unemployment should be a top priority.
 
NRF calculated month-to-month retail employment increased 18,200 in March and 229,000 year-over-year. The increase is consistent with recent positive economic indicator reports and bodes well for income and consumer confidence as the industry enters into the busy spring selling season.
 
“We’re encouraged by the progression seen in March related to hiring and other indicators that point to overall economic growth,” Chief Economist Jack Kleinhenz said. “First quarter results have been less than stellar thus far thanks to a variety of factors, including unusually bad weather in almost every part of the country. As the year progresses, I expect the job market to strengthen, which will put consumers in a position to feel even more confident about spending, bolstering the sub-par economic recovery.”
 
The Bureau of Labor Statistics Employment Situation Summary showed that March total nonfarm payroll employment rose by 192,000, short of analysts’ expectations. The unemployment rate remained at 6.7 percent.
 
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. 
 
Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. 
 

NRF


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search