Overall employment growth in the U.S. faded in June, and it was another “meh” month for hiring in the retail sector.
That’s according to new data from the U.S. Bureau of Labor Statistics, which showed the country’s total nonfarm payroll employment increased by 209,000 in June. That’s down from an average growth of 278,000 per month over the first 6 months of 2023, and much lower than the average of 399,000 per month in 2022.
In June, employment growth was concentrated in government, health care, social assistance and construction. But payrolls in retail trade “changed little in June (-11,000),” the bureau reports.
“Employment continued to decline in building material and garden equipment and supplies dealers (-10,000) and in furniture, home furnishings, electronics, and appliance retailers (-5,000).” The lone bright spot in the sector: motor vehicle and parts dealers added 6,000 jobs.
“Overall, employment in retail trade has shown little net change over the year,” the report noted.
97 Years of Family History, One Right Decision: How Malloves Jewelers Found the Right Partner to Close with Grace
Marc Levin’s grandfather Max founded Malloves Jewelers in Middletown, CT, in 1928. Nearly a century later, Marc — the third-generation owner — knew it was time to retire. He’d watched friends and fellow jewelers navigate store closings with Wilkerson’s help, and their recommendations were hard to ignore. Once he connected with the Wilkerson team, the decision was clear. “They made me feel like family,” he says. Wilkerson’s team handled every detail day by day, kept Marc informed every step of the way and delivered results that met and exceeded his financial goals. Watch Marc share the story of Malloves Jewelers’ final chapter — and why he slept soundly through all of it.
