The National Retail Federation (NRF), world’s largest retail trade organisation headquartered at Washington D.C., USA, has revealed that the country’s retail industry witnessed rise in employment opportunities in June 2018.
During the period under review, the retail industry reported 50,200 more jobs unadjusted over the same time last year despite a seasonal adjusted drop from May of 25,800. Automobile dealers, gasoline stations, and restaurants jobs have been excluded while calculating.
“The increase in jobs affirms a very strong economy as payroll gains are likely to translate into increased spending in the coming months,” stated NRF Chief Economist Jack Kleinhenz in a statement issued by the NRF.
The increase in jobs was majorly reported in clothing and clothing accessory stores and non-stores, up by 6,900 and 1,700 jobs respectively. Losses were concentrated in general merchandise stores, which were down by 21,500; grocery and beverage stores down by 8,600; and electronics and appliances stores down by 3,700.
The average hourly earnings in June went up 5 cents over May. This is not the exact picture of industry as Labor Department does not include retail workers in other parts of the business such as corporate headquarters, distribution centers, call centers, and innovation labs.