NRF: Retail employment grows in March

Washington, D.C. -- Retail employment increased 18,200 in March and 229,000 year-over-year, according to the National Retail Federation. 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,” said NRF chief economist Jack Kleinhenz. “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.”

Recommended stories

Login or Register to post a comment.