Store closing announcements up in 2023
Against a tougher consumer backdrop, 2023 was a challenging year for many retailers.
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Unemployment
Following job gains in January, retailers scale back in February
Retail industry employment decreased by 31,300 jobs in February, offsetting January gains.
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Retailers added 39,400 jobs in January
Retail made up nearly a fifth of the 227,000 jobs added to the nation's economy.
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For retail, seasonal employment provides slight increase in December
Revisions may be due to a shift in seasonal hiring patterns.
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November retail jobs down from October but up from last year
Retailers have employees in place to meet the expected solid increase in holiday sales.
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