Shoppers Are Buying More Stuff And Companies Are Making More Money, But Fewer People Are Working – And It’s A Sign Where The Economy Is Headed
Dec 06, 2021
Shelves are on track to be stocked this holiday season, but businesses are using fewer workers to stock them.
It’s as clear as day in the data.
The latest jobs report from the Bureau of Labor Statistics showed that businesses added about 330,000 retail workers to payrolls in November, but the agency always adjusts its data for “seasonality,” and for the holiday season it actually calculated a loss of 20,000 retail positions. That means that retail employers hired a lot fewer people than they would in a “normal” November. Read more at Business Insider.