Washington, D.C. -- The National Retail Federation calculated retail industry job gains at 43,600 in August, with marked increases in clothing, general merchandise and electronics stores.
“While the jobs numbers weren’t as strong as anticipated, they indicate a more positive trend,” NRF chief economist Jack Kleinhenz said. “We are expecting further signs of strengthening in the second half of the year. Retailers are making headway but challenges remain. Slow wage growth and downward jobs revisions continue to indicate a reluctant economy.”
The Bureau of Labor Statistics employment situation report showed that the economy added 169,000 jobs in August, which lowered the unemployment rate to 7.3%.