Monday, December 7, 2009
U.S. Retail Hiring in November Rose to Highest Level in 2009
In November, U.S. discount, grocery, restaurant, and specialty chains hired the largest number of people in 2009. It signals that retailers may be anticipating a gradual recovery in consumer spending. Last month, 3.87 percent of applications resulted in job offers, which is the highest level this year after adjusting it for seasonality. “While these are classic signs of a gradual, post-recession recovery, last month’s hiring increase might be a ‘spill over’ from October, as retailers delayed the peak season for taking on employees.”
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This seems like a good sign of recovery. It will be interesting to see the trend in hiring after the holiday season is over, since it is usually a time when many retail employees are laid off or have their hours slashed. Hopefully the economy will have improved enough that many of these workers will be retained.
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