Christian Retailing

NEWSLETTERS Current Issue NRF: Retail employment grows in March amid ‘overall economic growth’
NRF: Retail employment grows in March amid ‘overall economic growth’ PDF Print E-mail
Written by Jeremy Burns   
Friday, 04 April 2014 03:26 PM EDT

MatthewShay-NRF-WebThe economy is growing, but Washington needs to make job creation a priority, according to statements issued by National Retail Federation (NRF) officials today in response to the March jobs report. Unemployment continues at 6.7% while total nonfarm payroll employment rose by 192,000 jobs last month, short of analysts’ expectations.

“After a long, harsh winter that put many retailers at a disadvantage in terms of inventory control and staffing their stores, merchants are eager to move forward with their spring hiring and operational plans,” said NRF President and CEO Matthew Shay. “Though we can report relatively positive figures for March, there’s still noticeable slack in the labor market. In order to see momentum in economic growth through 2014, it’s imperative our leaders in Washington put job creation and the economy back at the top of their agenda, giving businesses the confidence they need to grow and invest.”

In a recent consumer survey conducted by Prosper Insights & Analytics, more than half (51.9%) of Americans surveyed said the U.S. economy should be a top priority for Congress in 2014. Nearly as many (46%) said job creation/unemployment should be a top priority.

NRF calculated that month-to-month retail employment increased 18,200 in March and 229,000 year-over-year. 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, according to the retail trade association.

“We’re encouraged by the progression seen in March related to hiring and other indicators that point to overall economic growth,” NRF Chief Economist Jack Kleinhenz said. “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.”

 

In this current issue:

Retailers expect holiday return fraud of $3.8 billion

News image

Techniques and processes put in place to thwart criminal activity...

READ MORE

Lifetime's 'Designing Spaces' to feature Family Christian Stores

News image

Award-winning home improvement show Designing Spaces will feature Family Christian...

READ MORE

Merry Christmas from ‘Christian Retailing’

News image

There will be no Christian Retailing Update on Christmas Day,...

READ MORE

Interactive B&H Bible storybook tops CBA list

News image

B&H Kids’ The Big Picture Interactive Storybook Bible is No. 1on...

READ MORE

IVP’s ‘Teach Us to Want’ named CT Book of the Year

News image

Christianity Today (CT) magazine has named its 2015 Book Awards,...

READ MORE

B&H Books celebrates CT Award of Merit

News image

B&H Publishing Group’s The Measure of Success by Carolyn McCulley...

READ MORE

Carpentree opens AmericasMart Atlanta showroom

News image

Carpentree has announced the opening of a new gift and...

READ MORE

Elementary students help translate the NIrV Bible

News image

Zonderkidz presented new Bibles to the fifth and sixth grade...

READ MORE

Author Jane Kirkpatrick celebrates sales milestone

News image

Award-winning author Jane Kirkpatrick now has more than 1 million...

READ MORE

Nielsen: Teens prefer print to e-books

News image

Teens are known to be early adopters of new technology...

READ MORE

Religious presses see September sales boost

News image

Faith-based publishers saw sales rise in September, according to the...

READ MORE

Author Don Gossett leaves legacy of praise

News image

Best-selling Whitaker House author Don Gossett died Wednesday, Dec. 10,...

READ MORE
100%
-
+
0
Show options

a