Retail industry drives jobs recovery
Retailers, restaurants and bars were the biggest contributors to April’s U.S. employment growth, according to numbers released today by the government and by ICSC.
U.S. shopping-center retail jobs rose by 33,000 — accounting for one-fifth of all the 165,000 jobs added in April, according to ICSC. Another 38,000 people were hired by restaurants and bars. ICSC’s number for retail jobs added is slightly higher than the government’s figure of 29,000.
During the 12 months ending in April, U.S. shopping centers have hired 213,000 jobs, ICSC reports. The industry now employs 12.5 million people, accounting for 9.3 percent of all payroll employment, according to ICSC, which compiles the statistics used by the Department of Labor. The industry’s retail employment has recovered slightly over a half-million jobs through April 2013 since hitting its previous cyclical low in December 2009.
“The shopping center industry is a crucial driver of the economic recovery,” noted ICSC President and CEO Michael P. Kercheval. “These numbers illustrate that retail and retail development is a major economic pillar.”
Revisions to February and March employment figures issued by the government showed that 114,000 jobs overall were added during those two months.