October employment statistics bode well for the economy in general, said the National Retail Federation, and on top of that, were very positive for its own retail sector. It sees strong holiday and general economic implications.
Retail picked up 37.6K new jobs in October 2013, and is up by a total of 285K YTD, which represents a 2.4% improvement over 2012 YOY sector employment. The entire retail universe is reaping the rewards with the exception of the clothing portion.
