The National Retail Federation calculated retail industry job gains at 37,600 in October, and 295,000 year-over-year, a 2.4 percent increase over 2012. Job gains were seen in every retail sector with the exception of clothing and clothing stores, which witnessed a contraction of 12,500 positions in September.
The Bureau of Labor Statistics Employment Situation report showed that the economy added 204,000 jobs in October, better numbers than the 186,300 average jobs added per month this year despite the 16-day partial government shutdown.
“The latest jobs report, which came in stronger than anticipated, provides some positive indication that the economy and employment situation are steadily improving,” Shay said. “The timing couldn’t be better for retailers and consumers, who are busy preparing for the holiday shopping season.”
NRF recently predicted that retailers would see a 3.9 percent increase in sales, and hire an additional 720,000 to 780,000 employees this holiday season.
“Today’s report puts the U.S. economy in a very positive light heading into the fall and winter seasons,” Kleinhenz said. “The government shutdown had little to no impact on the improving employment situation, which is steadily improving along with GDP. While retailers and businesses are hiring, consumers remain cautious, but we remain steadfast in our belief that consumer confidence and spending will improve.”
