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#Retail Trade

Forbes

“Disappointing” Employment Data: A Look Beneath The Hood

On Friday, markets were disappointed by the “meager” +210K (seasonally adjusted (SA)) headline Payroll Report (The “Establishment Survey”). The consensus expectation was for more than +570K with the lowest survey participant at +375K. Remember that the BLS adds a lump of more than +100K to the actual survey results each month (the “birth-death” model).
RETAIL
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Las Vegas Sun

Thefts, always a problem for retailers, become more brazen

“Flash mobs” swarm through a Nordstrom in Northern California and two Best Buy stores in Minnesota, running out with armfuls of merchandise. Five thieves steal $20,000 in products from an Ulta Beauty store in Pennsylvania in just 40 seconds. A security guard is fatally shot in Oakland, California, while working with a local television news crew reporting about a recent retail robbery by a group of thieves.
OAKLAND, CA
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azbigmedia.com

Job growth weakens amid concern of potential COVID-19 surge

Today’s jobs report showed weaker job growth in November compared to October. The labor market remains tight and still seems to be impacted by elevated Delta cases. While more people joined the labor force in November, the labor force participation rate remains well below its prepandemic rate. Overall, the labor market outlook is uncertain, as there are mounting downside risks linked to the newly identified Omicron variant of COVID-19.
BUSINESS
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TRENDING TOPICS
finance-commerce.com

Thefts, always an issue for retailers, become more brazen

Editor’s note: Business content from The New York Times will now be included with your subscription to Finance & Commerce. Not a subscriber? Start your subscription here. “Flash mobs” swarm through a Nordstrom in Northern California and two Best Buy stores in Minnesota, running out with armfuls of merchandise. Five thieves steal $20,000 in products from an Ulta Beauty store in Pennsylvania in just 40 seconds. A security guard is fatally shot in Oakland, California, while working with a local television news crew reporting about a recent retail robbery by a group of thieves.
OAKLAND, CA
irei.com

U.S. economy adds 210,000 jobs in November

Total nonfarm payroll employment in the United States increased by 210,000 jobs in November, according to the Bureau of Labor Statistics, and the unemployment rate declined to 4.2 percent. On average, the U.S. economy has added 555,000 jobs per month this year, and the increase in jobs during September and...
RETAIL

The State of the U.S Economy in Early December

In November, the number of jobs added is lower than expected for the U.S economy as it recovers from the pandemic. A person typing on a laptopGlenn Carstens-Peters/Unsplash. The U.S added about 210,000 jobs in November, lower than expected.

Holiday shoppers navigate shortages with mixed results

NEW YORK — Like many shoppers, Kathleen Webber understands the struggles of getting the right gifts for her three children this holiday shopping season amid widespread shortages. She promised to buy her 23-year-old son the Sony Corp. PlayStation 5, but he hasn’t been able to get his hands on the...
RETAIL
US News and World Report

The Shrinking Gender Gap in Workforce Participation

Data shows that more women than men have lost their jobs during the pandemic. For both men and women, the labor force participation rate dropped more than 3 percentage points from January 2020 to April 2020. However, after many in-person activities came to a halt in the last year, job sectors historically dominated by women – like leisure and hospitality; education and health services; and retail trade – were hit particularly hard.
SOCIETY

Retail sector loses 20,000 jobs in November

The U.S. government's November jobs report showed that the retail sector lost 20,000 jobs last month, after the sector had gained 91,000 jobs in the previous two months. The sector's job losses come as the overall report showed nonfarm payrolls increased by just 210,000 in November, well below expectations of 573,000 new jobs. The retail sector's job losses included a declines of 20,000 jobs in general merchandise stores; 18,000 jobs in clothing and clothing accessories stores; and 9,000 jobs in sporting goods, hobby, book and music stores. That was partially offset by increases of 9,000 jobs in food and beverage stores and of 7,000 jobs in building material and garden supply stores. In November 2020, retail employment fell by 35,000, and in November 2019 retail employment increased by 2,000. Retail trade employment is now 176,000 less than it was in pre-pandemic February 2020. The SPDR S&P Retail ETF , which was little changed in premarket trading Friday, has rocketed 130% since the end of February 2020 while the S&P 500 has climbed 55%.
RETAIL
vervetimes.com

Govt proposes to have national retail trade policy: Som Parkash

The government proposes to have a national retail trade policy for creating a conducive environment to streamline the growth of all formats of such trade, and stakeholder consultations are being held for that, Parliament was informed on Friday. Minister of State for Commerce and Industry Som Parkash in a written reply to a query in the Rajya Sabha said a conducive environment can be created by simplifying rules and regulations.
RETAIL
makeoverarena.com

Decathlon – Where to Find a Decathlon Store | Decathlon Store

Decathlon can be defined as a combination of events in athletics consisting of ten track and field events. It is the world’s largest sporting goods retailer, addressing real estate constraints in physical stores in Singapore, increasing the customer product with their custom app. The company is designed to inspire and...
RETAIL
hotelnewsresource.com

U.S. November Unemployment Rate Declines to 4.2%

THE EMPLOYMENT SITUATION -- NOVEMBER 2021. Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate. fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported. today. Notable job gains occurred in professional and business services, transportation. and warehousing, construction, and manufacturing....
ECONOMY
rebusinessonline.com

US Economy Added 210,000 Jobs in November, Well Below Expectations

WASHINGTON, D.C. — Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell from 4.6 percent in October to 4.2 percent, the U.S. Bureau of Labor Statistics (BLS) reported today. The headline number was well below Wall Street expectations of 573,000 jobs, according to CNBC. Notable...
ECONOMY
Hot Air

BREAKING: US only adds 210,000 jobs in November

Economists expected a job-creation boost of 573,000. The BLS reported that the US economy added well below half of that. Only 210,000 jobs got created in November, another in a series of disappointing results in an economy where millions of jobs have yet to be recreated more than a year after most of the pandemic shutdowns ended:
ECONOMY
hbsdealer.com

Quikrete Industy Dashboard: November jobs

The latest version of the Quikrete Industry Dashboard shows updates for all of the Consumer watch dials. Most recently, the monthly jobs report for November was released Friday morning, and it shows a decline in the national unemployment rate to 4.2%, compared to 4.6% in October. The U.S. Bureau of...
RETAIL
aba.com

210,000 Jobs Added in November, Unemployment Rate at 4.2%

Total nonfarm payroll employment rose by 210,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons fell to 6.9 million in November, and the unemployment rate decreased to 4.2%. Most of the job gains in November were in professional and business services, transportation and warehousing, construction, and...
ECONOMY
nrf.com

NRF Economist Says Holiday Shopping Could Beat Forecast Despite Inflation and COVID-19

WASHINGTON – The 2021 holiday season appears to be on track to exceed the National Retail Federation’s forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, NRF Chief Economist Jack Kleinhenz said today. “Now that we’re in December, the holiday shopping season...
BUSINESS
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