Retail Employment in November Rises 26% From a Year Ago -- Challenger
December 14 2017 - 9:22AM
Dow Jones News
By Cara Lombardo
Retail employment in the U.S. grew 26% in November to 451,600,
the highest November level since 2012, according to a Thursday
report.
Challenger, Gray and Christmas Inc. said in its report, which
analyzed Bureau of Labor Statistics data, that the November gains
indicate consumer demand at brick-and-mortar stores is high enough
that retailers need to stock up their stores for the holidays.
But Challenger has also tracked 7,670 stores closures so far
this year and thousands of related job cuts, including 10,000 at
Macy's Inc. and 5,500 at J.C. Penney Co. Challenger said the
continuing store closures could indicate December hiring will be
below normal.
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
December 14, 2017 09:07 ET (14:07 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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