Hardware Retailing The Industry's Source for Insights and Information
Total nonfarm payroll employment rose in June by 195,000, and the unemployment rate was unchanged from May at 7.6 percent, the U.S. Bureau of Labor Statistics reported.
The number of unemployed persons, at 11.8 million, was also unchanged in June. In the retail trade industry, employment increased by 37,000 in June, with 9,000 jobs added in building material and garden supply stores.
“(The) strong jobs report is welcomed news for the economy and may signal positive and accelerated momentum for the second half of 2013,” said Jack Kleinhenz, National Retail Federation chief economist. “Payrolls came in stronger than expected, including in the retail industry, which witnessed strong gains in building supplies, clothing and sporting goods. The economy is currently stable but traction and pace remain uncertain.”
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