The retail industry was hit hard by the economic recession a few years ago, but now that conditions are improving, so too are the outlooks of those within the sector. Boosts in confidence are being seen not only with investments in new solutions and systems, but also through job creation as merchants are hiring more employees to improve their operations.

A recent statement from the National Retail Federation (NRF) lauded the latest findings from the U.S. Department of Labor – retailers added an approximate total of 29,000 jobs last month. This is significant growth for an industry that saw sharp declines during the economic downturn. With these results, analysts are expecting that job creation will continue in the coming months. This forecast is fueled by rising consumer confidence and spending.

"Finally some reassuring news on jobs and the economy," said NRF chief economist Jack Kleinhenz. "Today's solid employment news combined with positive March revisions may bode well for the broader economy and portend steady retail sales in April. Retailers are continuing to find innovative ways to engage shoppers with the right mix of products, inventory and employment to meet their customers' demands."

This entry was posted by Retail Pro on Friday, May 10th, 2013 at 12:15 pm .