The retail sector has long been heralded as a creator of jobs, especially during the economic recession that eliminated so many employment opportunities. However, according to a new report from Kronos' Retail Labor Index, fewer Americans are looking to get involved in the retail sector.<\/p>\n
The Index, which Retailing Today describes as being "defined as the ratio of hires to applications within a given month, expressed as a percentage," was observed at 4.3 percent. While this is still a solid number, it is the second reading higher than 4 percent and only the third reading of 4.0 or higher in the past four years.<\/p>\n
Kronos' sample noted the number of applications received by retailers fell 10 percent to approximately 784,900 in March, down 250,000 compared to the same time last year – a time applications hit near-record highs.<\/p>\n
"With overall labor market conditions improving, potential applicants are likely seeking job opportunities in sectors outside of retail, consistent with the recent declining trend in applications for retail positions," said Chris Varvares, senior managing director and co-founder of Macroeconomic Advisers.<\/p>\n","protected":false},"excerpt":{"rendered":"
The retail sector has long been heralded as a creator of jobs, especially during the economic recession that eliminated so many employment opportunities. Continue reading