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Conservative's ForumConservative's Discussion ForumsTrump Economy › Retail Socks March Job Gains, Jobless Rate Drops to ’07 Low
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Retail Socks March Job Gains, Jobless Rate Drops to ’07 Low
04/07/17 at 13:13:11
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Retail Socks March Job Gains, Jobless Rate Drops to ’07 Low
FoxBusiness


s the battered retail sector again bled jobs last month, U.S. hiring hit its slowest pace in ten months. But an unexpected drop in the unemployment rate coupled with continued wage growth pointed to a labor market that’s still tightening.

Retail trade lost 30,000 jobs in March, as employment in general merchandise stores dropped by 35,000 – pushing total job losses for the struggling sector to 89,000 since a recent high in October. The declines were a continuation of a drop-off in February, after a bump in hiring and fewer post-holiday season layoffs at the start of the year.

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