Dive Summary:
- The U.S. economy added 37,000 new jobs within the retail industry in June according to reports from the Bureau of Labor Statistics. The National Retail Federation is reporting gains of 28,000 jobs within the industry through the same period.
- "The private sector economy is humming along as employers and businesses hire more workers but much uncertainty remains, especially in regard to health care reform implementation and fiscal and tax policy," says president and CEO of NRF Matthew Shay.
- "Today's strong jobs report is welcomed news for the economy and may signal positive and accelerated momentum for the second half of 2013," stated NRF Chief Economist Jack Kleinhenz.
From the article:
As the world's largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs -- 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation's economy.