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
Workplance Violence
Employee Surveys
Pay Equity
Onboarding
People Management
Affirmative Action
Consultation
Workforce Planning
Benefits Compliance
Dependent Benefits
Employee Data Privacy
Gender Identity
Labor Relations
Organization & Employee Development
Compensation & Benefits
Employment Law & Compliance
Employee Handbooks
Eligibility Verification (I-9)
Business Acumen
Workplace Harassment
Overtime Pay
Workplace Security
Investigations
Employee Engagement
Educational Assistance
Drug & Alcohol Testing
Inclusion, Equity & Diversity
Business Continuity
Closing
Intellectual Property
Promotion
Hiring & Firing
Succession Planning
Health Care Benefits
Analytical Aptitude
Workplace Culture
Family & Medical Leave
Change Management
Employee Resource Groups
Hiring
Retention
Ethnicity
Executive Compensation
Emergency Response
Flexible Spending Account
Data Security
Technology
Performance Management
Whistleblowing
Termination
Tags
Article
Are 4 day work weeks the future?
Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...
7 Signs That Tell You It’s Time to Quit Your Current Job
Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...
Millennials Care About These 8 Things at Their Workplace - Are Your Offering Those?
Millennials are considered to be social people, who live by the ‘work hard play hard’ mantra and ar ...
These Companies Are On Holiday Hiring Spree-Are You Ready?
The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...
Comments