econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 13 December 2016

November 2016 Retail Hiring Falls To 6-Year Low

from Challenger Gray and Christmas

Retailers added fewer workers through the first two-thirds of the typical holiday hiring period - and is down nearly 10% from a year ago.

The latest data from the Bureau of Labor Statistics (BLS) showed that employment in retail grew by 371,500 in November. That was down 9.3 percent from a year ago, when jobs in the sector increased by 409,500. It was the lowest November employment increase since 2010.

November followed equally anemic employment gains in October, when retailers added 154,600 workers. That figure has since been adjusted even lower to 150,300, which is 23 percent lower than the 194,800 retail employment gains recorded in October 2015.

JOBS ADDED IN RETAIL TRADE

October, November, December, 2010-2015

Oct

Nov

Dec

TOTAL

% Change

2010

149,800

339,200

158,600

647,600

30.6%

2011

134,200

390,600

154,500

679,300

4.9%

2012

138,700

485,400

99,600

723,700

6.5%

2013

159,600

443,100

184,100

786,800

8.7%

2014

182,800

412,200

154,100

749,100

-4.8%

2015

194,800

409,500

134,500

738,800

-1.4%

2016

150,300

371,500

???

???

???

AVERAGE

158,600

407,357

147,567

720,883

Source: Challenger, Gray & Christmas, Inc., with non-seasonally adjusted data provided by the Bureau of Labor Statistics

Overall retail job gains for October and November totaling 521,800 are 14 percent are fewer than the 604,300 retail jobs added last year. Said John A. Challenger, chief executive officer of Challenger, Gray & Christmas:

As more and more shoppers move online, there is less need for extra workers in the brick and mortar stores. Even on Black Friday, once notorious for early morning mob scenes at department stores, a growing number of Americans are staying home and finding great deals on the Internet.

Indeed, Black Friday online orders grew nearly 22 percent to roughly $3.3 billion in sales, according to Adobe Digital Insights.

While seasonal hiring is down in retail, it is picking up in other areas; namely, transportation and warehousing. Employment in the sector increased by 96,200 workers in October and November, according to BLS data. That was up from 71,300 a year ago.

It is likely that the biggest job gains for this sector are yet to be reported. Last year, transportation and warehousing employment increased by 136,600 in December. Concludes Challenger:

Holiday job seekers should not stop looking for opportunities, even though it is December. They must cast a wider net to include employers outside of the retail sector. However, even retailers continue to add throughout the holidays as high turnover in the industry requires nearly-constant recruiting activities. Last December, retailers added another 134,500 workers.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Minsky’s Theory of Asset Prices: Why Minsky Was NOT a Neo-Monetarist
Finance and Growth: The Direction of Causality
News Blog
THE FABULOUS FIFTIES
13 January 2017: ECRI's WLI Growth Index Insignificantly Improves
Rail Week Ending 14 January 2017: Some Improvement
Majority Of Job Seekers Uncertain About Trump Impact
How To "Buy Low And Sell High" Like A Pro
Infographic Of The Day: Unusual Pets
Early Headlines: Asia Stocks Mixed, Oil Up, Dollar Down, China GDP On Target, GOP Govs Defend Medicaid Expans., Trump Wants To Cut Fed. Spending By $ 1 Trn, Trump's Troubling Foreign Deals And More
The Fake News That Sealed The Fate Of Antony And Cleopatra
The Jobs With The Biggest Cash Bonuses
Astronomers Spot Strange, Bow-like Structure In Venus' Atmosphere
Raising A Child Is An Extremely Expensive Undertaking
The World's Staggering Wealth Divide
What We Read Today 19 January 2017
Investing Blog
How To Invest In Oil For Long-term Investors
Investing.com Technical Summary 19 January 2017
Opinion Blog
What Is The Natural Interest Rate - And What If We Go Above It?
A New Deal With Capitalism Requires A Revolution In Politics And Markets
Precious Metals Blog
Four Catalysts Drive Gold And Silver For 2017
Live Markets
20Jan2017 Pre-Market Commentary: US Stock Future Indexes Higher Ahead Of Inauguration, WTI Crude Testing 53 Handle, Blue-chip Earnings Are Topping Estimates
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved