Bad run in retail jobs continues in May with fourth straight decline

Bloomberg/Sho Chandra/06-02-17

Cooler hiring may partly reflect the challenge of finding skilled and experienced workers amid a tightening job market. It may also be a sign businesses are reluctant to expand their workforce until they see more evidence the new administration’s plans are translating into legislation that’ll reduce taxes and spur growth. Even so, with the revisions, the three-month average of payroll gains was the weakest since 2012.

…Retail payrolls declined 6,100, the fourth straight drop.

PG View: If you haven’t seen our videoed discussion about the death of retail, and the far-reaching expectations, I encourage you to do so: CLICK HERE

See also:

‘THIS IS A DEATH SPIRAL’: The tsunami of store closures is doubling in size from BusinessInsider

“Store closings have accelerated, even in tier-one markets,” Credit Suisse analysts wrote in a recent research note.

Credit Suisse expects store closings to reach 8,600 before the end of the year!

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