Gloomy Labor Statistics Show That The Retail Apocalypse Was Worse Than We Thought

The specter of the retail apocalypse still hangs over the whole industry. And the latest gloomy numbers from the Bureau of Labor Statistics indicates that it’s not going anywhere soon. After reviewing its statistics on the numbers of new jobs created between 2018 and 2019, the bureau cut its annual benchmark of nonfarm jobs by 501,000 jobs. These numbers aren’t just a sign that President Donald Trump’s signature tax cuts didn’t actually spur more hiring. They’re also an indication that retail is far from out of the woods. The industry was one of the hardest-hit sectors on the Bureau of Labor Statistics’ list of revisions. Read more at Business Insider.