Electronics Stores Lost 10,900 Jobs in November From October, Says NRF
Despite the Black Friday promotional frenzy in TVs and other consumer tech products, electronics and appliance stores lost 10,900 jobs in November compared with October, said the National Retail Federation Friday. Overall retail industry employment in November increased by 18,600…
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jobs from October, generating 12 percent of the 155,000-job increase reported by the Labor Department for the economy overall, said NRF. “In retail, the tight labor market has created sizable challenges in hiring,” it said. “There are actually more retail jobs available than there are people to fill them. Retailers would hire more workers if they could find them.” The Labor Department's retail-job numbers “do not provide an accurate picture of the industry because they count only employees who work in stores while excluding retail workers in other parts of the business such as corporate headquarters, distribution centers, call centers and innovation labs,” said NRF.