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The retail industry added 13,500 jobs in November, and 268,500 year-over-year, as calculated by the National Retail Federation (NRF).
NRF President and CEO Matthew Shay welcomes these recent job gains as the industry continues to “shake of the recession,” adding that “retail continues to lead the jobs recovery with retailers and merchants bringing on thousands of additional workers to assist customers this holiday season.”
“It is now up to policymakers and regulators to sustain the positive momentum and work to resolve our nation’s looming fiscal and policy challenges, specifically the budget, debt ceiling, and the ongoing business and labor disruptions associated with the Affordable Care Act,” Shay added.
Additionally, the Bureau of Labor Statistics Employment Situation report showed that November total nonfarm payroll employment rose by 203,000, with the unemployment rate at 7 percent.
“Employment is steadily improving month-by-month showing that the economy is primed for growth,” said Jack Kleinhenz, NRF chief economist. “While we are far from fully-recovered, we are seeing a more consistent picture of the market, which should support further economic and employment growth in 2014.”
Washington, D.C.-based NRF is the world’s largest retail trade association, representing retailers from the United States and more than 45 countries.