Retail Industry Adds 28,000 Jobs in May

Fri Jun 7, 2013 10:49am EDT

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Retail Industry Adds 28,000 Jobs in May

The National Retail Federation issued the following statements on employment numbers released today by the Labor Department, which showed that the economy added 175,000 jobs in May, including 28,000 in retail. The unemployment rate increased to 7.6 percent from April’s 7.5 percent.

“It’s good to see another strong month of job growth both overall and in the retail industry, but there are still far too many Americans looking for jobs so they can support their families, as shown by the uptick in the unemployment rate,” NRF President and CEO Matthew Shay said. “In order to see full recovery, we need policies in Washington that will create an environment of fiscal certainty, boost consumer confidence and lead to further job growth and capital investment.”

“The labor market continues to show slow progress in this recovery,” NRF Chief Economist Jack Kleinhenz said. “While this report was slightly better than expected, we are still concerned about growth and from where it will come. Fiscal headwinds remain in place. Job creation across retail sectors was wider in May than the previous two months, and we expect that we will gain some momentum in the second half of 2014.”

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. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities at home and abroad, and the critical role that retail plays in driving innovation. www.nrf.com

National Retail Federation
J. Craig Shearman, 202-626-8134
shearmanc@nrf.com

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