Well everything else seems to be normalizing except retail. They are still below the level they were at before the recession. So what is going on? The feds are saying that consumer spending is back to normal so where are all the figures then. This seems very fishy to me. Here are the statistics from market watch. Don't forget to subscribe or follow us. Thanks
Details on retail still not pretty
Retailers have boosted employment by 650,000 since the recession ended,
making the industry the fourth fastest growing segment of the economy.
Yet in a sign of lingering weakness in the U.S., the retail industry is
still a half-million jobs short of its high-water mark of 15.6 million
workers. Scarred by the Great Recession, Americans just aren’t spending
as much.
Nor is retail a lucrative line of work. The average salary is just
$16.63 an hour — about 30% less than the nationwide average. And the
average employee works less than 32 hours a week, partly reflecting the
volatility of consumer-shopping patterns. Retailers don’t need the same
number of workers each month.
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