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The November jobs report from the Bureau of Labor Statistics caused quite a stir, with headlines claiming a loss of 28,000 retail jobs. But a closer look reveals a more nuanced picture: the retail sector actually added 280,500 workers, though this figure fell short of expected seasonal hiring patterns. According to Pamela Danziger, Forbes, this discrepancy stems from the BLS’s seasonal adjustment methodology, which often hides more than it reveals during periods of heightened hiring like the holidays. Retailers like Target, Macy's, and others announced significant seasonal hiring plans, yet challenges remain. Labor shortages, shifting consumer behaviors, and competition with e-commerce logistics roles are reshaping the holiday workforce. As holiday sales growth is projected to remain modest, fewer employees might seem advantageous in the short term. However, this strategy could leave retailers vulnerable in 2025, especially with in-store experiences playing a critical role in rebuilding foot traffic. https://lnkd.in/gYUMdpUQ

28,000 Retail Jobs Lost In November? The Real Story Behind The Numbers

28,000 Retail Jobs Lost In November? The Real Story Behind The Numbers

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