The retail labor market

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An interesting (if not unexpected) side effect of slow retail sales is its impact on job opportunities. As of December, the sector had 1.54 million unemployed retail workers and just under 300,000 job openings--more than twice the rate of a year ago. And the sector is attracting job-seekers new to retail, compounding the competition for jobs. With the average retail position paying $9.69 an hour, the growing applicant pool underscores the severity of the recession.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on March 5, 2009 1:50 PM.

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