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:

LifeWay signs purchase agreement for Capitol View site

News image

LifeWay Christian Resources has signed a purchase agreement for 2.7...

READ MORE

Skillet’s ‘Monster’ becomes biggest digital single in CCM history

News image

Skillet’s hit single “Monster” has become the biggest digital single...

READ MORE

Top VBS program honored

News image

Christian Standard Media announced Thursday the selection of “Deep Sea...

READ MORE

NAE: Evangelical leaders want books about mission, social action

News image

In a survey by the National Association of Evangelicals (NAE),...

READ MORE

Tyndale House releases Bible for gamers

News image

Tyndale House Publishers and Scarlet City Studios are partnering to...

READ MORE

Adam Hamilton appointed to presidential administration post

News image

President Barack Obama has appointed best-selling author and Pastor Adam...

READ MORE

‘Jesus Storybook Bible’ reaches sales milestone

News image

Zonderkidz announced Saturday that The Jesus Storybook Bible has reached a...

READ MORE

Signature Marketing Network releases year-end retail results

News image

Signature Marketing Network retailers reported sales and margin gains for...

READ MORE

David C Cook hires new publisher

News image

David C Cook (DCC) announced Friday that Lindsay Black has...

READ MORE

IVP announces publisher search

News image

InterVarsity Christian Fellowship’s search for the new publisher for InterVarsity...

READ MORE

InterVarsity Press authors awarded for healthcare contributions

News image

InterVarsity Press (IVP) authors Amy Simpson (Troubled Minds) and Timothy Jennings...

READ MORE

NPD: U.S. toy industry grows in 2015

News image

U.S. toy sales grew by 6.7 percent in 2015, according...

READ MORE
100%
-
+
0
Show options

a