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 finds buyer for downtown Nashville campus

News image

Uptown Nashville LLC has come under contract with LifeWay Christian...

READ MORE

Voting deadline nears for Charisma's Best Awards

News image

Time is winding down on the voting period for Christian...

READ MORE

LifeWay pulls ‘Heaven visitation’ books from shelves

News image

Adhering to the 2014 Southern Baptist Convention resolution on “the...

READ MORE

Organizations partner to ‘Ignite’ church resource marketing program

News image

Send The Light Distribution, a leading distributor of products serving...

READ MORE

David C Cook author succumbs to breast cancer at 38

News image

Less than a week after her book The Hardest Peace...

READ MORE

CLI reaches milestone in service to prisons

News image

Since its founding in 1996, Christian Library International has helped...

READ MORE

Loyal customer sparks re-opening of Virginia Christian bookstore

News image

The closing of Rainbow Parable Christian Bookstore in Colonial Heights,...

READ MORE

IVP author wins Templeton Prize

News image

IVP author Jean Vanier has been awarded the Templeton Prize,...

READ MORE

ICRS to offer digital publishing training

News image

This summer’s International Christian Retail Show in Orlando, Florida, will...

READ MORE

NRF survey pinpoints consumer targets this Easter

News image

Hoping the temperatures will meld with their desire to celebrate,...

READ MORE

Long-time Abingdon Press author Lyle Schaller dies at 91

News image

Lyle Schaller, who wrote 55 faith-based books for Abingdon Press...

READ MORE

International company serves growing faith market

News image

With offices in the United States, Brazil, Sri Lanka and...

READ MORE
100%
-
+
0
Show options

a