Retail Sales Hiring The Lowest Since 2010

from Challenger Gray and Christmas

On the news that Macy’s is shuttering 68 stores and cutting 10,000 workers and Limited is closing all 250 locations impacting 4,000 workers, a new report released Tuesday further indicates the industry’s inexorable shift to online.

Retail clocked the fewest holiday job gains since 2010, as the accelerating shift toward online shopping continued to take a toll on job opportunities in traditional brick-and-mortar stores.

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

148,900

415,700

108,100

672,700

-8.9%

AVERAGE

158,400

413,671

141,929

714,000

 

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

Employment in the sector grew by 672,700 workers during the three-month holiday hiring period of 2016, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc. That was down 9.0 percent from the 738,800 jobs added in 2015.

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