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Retail Adds Roughly 37,000 Jobs in February

Despite ongoing labor shortages, retail jobs beat February 2020 levels by 104,000 employees.

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Retail trade employment grew by 37,000 employees in February, reports Footwear News and the U.S. Bureau of Labor Statistics. Despite ongoing labor shortages across the industry, there was a 6000-job gain in home and furniture stores, 12,000 in garden supply stores and building materials, and a 5000 gain at gas stations. Overall, the amount of added jobs beat February 2020 levels by 104,000 jobs.

The unemployment rate for February was 3.8 percent, down from 4 percent in January. A total of 4.2 million people said they were unable to work in February due to pandemic-related reasons or closed businesses, which was down from 6 million reporting similar reasons in January.

In recent months, many retailers are working to increase wages for hourly workers as well as grow healthcare benefit offerings.

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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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