Report shows retail sales fell in July, but hiring hit a record high
The US Commerce Department's report shows that retail sales in July, before the surge of the Delta variant fell by 1.1%. This was a greater drop in sales than the 0.3% drop Wall Street experts had predicted. This data is the first look into whether the rise in covid 19 cases has stopped people from heading out to shops. According to the data in the report, spending dropped greatest at clothing, furniture, and sporting goods stores.
While retail sales fell in July, the Labour Department reports that more than 10 million job openings were posted by employers in July- the highest the department has seen in the last two decades. This also led to a boom in hiring in July. Last month, employers added 943,000 jobs and the unemployment rate dropped to 5.4%
Source: CBS News
Category
Firing
Electronic Records Management
Benefits
Employment Branding
Labor Relations
Benefits Compliance
Environmental Health Hazards
Overtime Eligibility &
Policies & Practices
Employment Contracts
Employment Law & Compliance
Business Acumen
Employee Data Privacy
Affirmative Action
Closing
Leadership Development
Contracts & RFPs
Networking
Time Worked
Eligibility Verification (I-9)
Paid Leave
Salary Surveys
Onboarding
Educational Assistance
Benefits Reporting & Disclosure
Retaliation
Flexible Spending Account
Leave Management
HR Software
Sexualy Harassment
Mentoring & Coaching
Learning & Development
Termination
Employment Offers
Organization & Employee Development
Workforce Planning
Fiduciary Duty
Disaster Preparation & Response
Health Savings Accounts
Career Development
Records & Reports
Promotion
Health Care Benefits
Opening & Closing
Ethical Practice
Executive Compensation
Retention
Business Continuity
Artificial Intelligence
Global Mindset
Tags
Article
Don’t Fall Prey to These Job Scams
When people are looking frantically for employment, scammers get a chance to exploit their weakness ...
A Quick Look at The Great Resignation
The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...
Driver Jobs to Watch Out For
If you love being on the road, if you love driving with the wind rushing through your hair, if your ...
A complete breakdown of the US Commercial Drivers Licenses
In the United States of America to operate any type of large automobile, you need a license. This i ...
Comments