Headlines

U.S. Jobs Market Unexpectedly Strong

But employment in retail sector remained stagnant in September.

Published

1 year ago

October 8, 2023

INSTORE Staff

While the overall U.S. job market grew strongly last month, retail payrolls remained unchanged. PHOTOGRAPHY: bernardbodo/iStock.com

Total nonfarm payroll employment in the U.S. rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reports. As a result, the job market – whose uptick was the largest since January – was variously characterized by major publications as “booming,” (USA Today); “surging,” (The Wall Street Journal); and “sizzling,” (Reuters).

The biggest gains occurred in leisure and hospitality; government; health care; professional, scientific and technical services; and social assistance. However, employment showed little change over the month in the following sectors: retail, mining, quarrying, oil and gas extraction, construction, manufacturing, wholesale trade, financial activities and other services.

“The U.S. labor market clearly still has some gas in the tank,” Nick Bunker, head of economic research for job site Indeed.com, told USA Today.

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”