Retail sales in the U.S. grew by a seasonally adjusted rate of 17.7 percent in May over April, new data from the U.S. Commerce Department shows. The increase sets a new record for monthly retail growth. Sales at building materials …
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Home Renovations Contribute to Retail Hiring
Trends in home renovations have contributed to recent growth in the number of new retail jobs in the U.S., the Chicago Tribune reports. “Building-material stores hired more than 10,000 workers in February to keep up with booming demand,” the news …
Read More »The Economy: Hurricanes and Home Improvement
Jack Kleinhenz is chief economist for the National Retail Federation (NRF), the world’s largest retail trade association. Formerly with the Federal Reserve Bank in Cleveland, Kleinhenz is a contributing forecaster to The Wall Street Journal, CNBC, the Federal Reserve Bank …
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