The retail industry saw employment expand by 23,800 jobs in May, according to research from the National Retail Foundation (Washington, D.C.). All key industry categories saw gains, including clothing, electronics, furniture and building materials retailers.
The gains correspond with the growth of the housing market and retailers should continue to expect to see healthy consumer spending and retail sales, reports the NRF. Over the past year, the retail industry has added an additional 242,700 jobs, as compared to the previous year.
“Retailers are in sync with the broader pick-up in the economy and employment,” NRF Chief Economist Jack Kleinhenz said. “We should continue to witness additional gains as the economy accelerates.”