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 November 2017

October Retail Hiring Lowest In Six Years

from Challenger Gray and Christmas

Fewer major retailers have announced large-scale hiring announcements so far this year, which reflects the drop in the number of October employment gains in the sector. Gains fell 8 percent from last year to 136,700, the lowest October gain since 2011, when the sector added 134,200 jobs.

This year marks the second year of declines following two consecutive years of record job gains in October. In 2015, BLS data showed that retail employment grew by 183,300 compared to the year before, when retailers added 182,800 new workers in October. Last year, October gains reached 149,400, 18.5 percent lower than 2015.

Overall, seasonal retail hiring has fallen each year since 2013. Last year's gains of 641,000 fell almost 10 percent from the previous year, when 708,800 jobs were added in retail.

"The shrinking job gains in retail during the holiday season are indicative of the changing consumer habits and overall transition the industry is experiencing," said John Challenger, Chief Executive Officer of Challenger, Gray & Christmas, Inc.

As of October, there were 15,827,700 Americans employed in this sector, 56,600 fewer jobs than the 15,884,300 employed in October 2016, according to non-seasonally adjusted data from the BLS.

Meanwhile, employment in the transportation and warehousing sectors stood at 5,151,400 in October of this year, 111,400 more jobs than in October 2016.

"The 'Amazon Effect' and consumers' online shopping habits are definitely shifting seasonal job gains from traditional retailers to warehousing and transportation positions. New technology in retail also eliminates the need for some back-office operations, which may lead to less hiring," said Challenger.

"However, this new technology may just change the nature of the work rather than replace workers altogether. For instance, Walmart instituted shelf-scanning robots in their stores that flag issues for human workers to fix," added Challenger.

Oct

Nov

Dec

TOTAL

% Change

2005

122,300

392,700

196,600

711,600

0.20%

2006

150,600

427,300

169,000

746,900

5.00%

2007

87,900

465,400

167,600

720,900

-3.50%

2008

38,600

213,600

72,700

324,900

-54.90%

2009

45,100

317,100

133,600

495,800

52.60%

2010

149,800

339,200

158,600

647,600

30.60%

2011

134,200

390,6*00

154,500

679,300

4.90%

2012

138,700

485,400

99,600

723,700

6.50%

2013

159,600

443,100

184,100

786,800

8.70%

2014

182,800

412,200

154,100

749,100

-4.80%

2015

183,300

399,300

125,700

708,800

-5.38%

2016

149,400

359,400

132,200

641,000

-9.57%

2017

136,700

??

??

??

AVERAGE*

129,154

387,108

145,692

661,367

*Since 2005

Source: Challenger, Gray & Christmas, Inc. © with data from the Bureau of Labor Statistics

Company

2012

2013

2014

2015

2016

2017

Amazon

50,000

70,000

80,000

100,000

120,000

120,000

Target

88,000

70,000

70,000

70,000

77,500

100,000

UPS

55,000

55,000

95,000

95,000

95,000

95,000

Macy's

80,000

83,000

86,000

85,000

83,000

80,000

FedEx (Transportation)

20,000

20,000

50,000

55,000

50,000

50,000

JCPenney

40,000

35,000

35,000

30,000

40,000

40,000

Michaels

15,000

Nordstrom

11,800

11,400

13,650

Toys"R"Us

45,000

45,000

45,000

40,000

12,500

Burlington Stores

12,000

The Bon-Ton Stores

>>>>> 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. 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.







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