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
Emergency Response
Workplace Wellness
Remote & Hybrid Work
Disaster Preparation & Response
Disability Benefits
Employee Conduct
Employee Resource Groups
Talent Acquisition
Benefits Reporting & Disclosure
Leadership Development
Disability Accomodations
Job Descriptions
Analytical Aptitude
Hiring & Firing
Business Acumen
Gender Identity
Career Development
Retirement & Recognitions
Recruiting
People Management
Paid Leave
Age
Global Mindset
Work Visas
Consultation
Family & Medical Leave
Succession Planning
Retirement Benefits
Leadership &
Employee Handbooks
Performance Management
Health Care Benefits
Workplace Harassment
Workplace Security
Workplance Violence
Parental Leave
Communicable Diseases
Ethical Practice
Contemporary Issues
Unemployment Benefits
Artificial Intelligence
Workers' Compensation
Employee Surveys
Hiring
Raise
Investigations
Organizational Structure
Eligibility Verification (I-9)
Time Worked
Wellness Benefits
Tags
Article
With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?
Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...
With Remote Working Being the New Norm, How to Hire the Best remote Workers
Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...
25+ Hiring Strategies To Help You Source Talented Candidates
Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...
The Unionization Wave
From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...
Comments