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The US is adding jobs, but not in retail. The industry shed 11,400 jobs last month

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Retailers announcing bankruptcy and store closures in September include Forever 21 and the parent of Sears and Kmart.

That could mean employment is shifting, rather than simply withering, argue some retail executives, a well as the industry's trade group.

"From the marketers who send an ad, to the IT people who design the e-commerce interface, all the way through to the warehouse employees who fulfill the order, [The Bureau of Labor Statstics] data does not paint an accurate picture of the modern, multichannel retail industry — or its employment," wrote Mark Mathews, vice president of research development and industry analysis for the NRF in aCEO John Furner described some of the shifting roles in retail in an interview with CNBC at an...

 

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Online shopping!!

These numbers are really weird looking. Something is rotten in Denmark. Look for a sharp recision downward here.

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 /  🏆 12. in KR

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