retail news in context, analysis with attitude

Kronos Inc. is out with its monthly analysis of retail hiring levels, saying that “the 68 retailers representing 27,034 distributed locations across the U.S. that make up the Kronos data sample recorded 49,185 hirings (on a seasonally adjusted basis) in March 2010, an increase of 8.89 percent from the February 2010 seasonally adjusted figure of 44,113. This number was 26.63 percent higher than the 36,088 hirings recorded in March 2009.”

At the same time, “The supply of applications decreased 16.37 percent to a seasonally adjusted level of 1,175,169 in March, an acceleration of the trend of declining application levels seen between January and February 2010. The March 2010 figure represented a 7.51 percent increase over the 1,263,376 applications processed in March 2009.”

Dr. Robert Yerex, chief economist at Kronos, says that “in the next 18-24 months, we expect to see retail sales and hiring increase, though not to the levels they were at in 2008. We expect that a full 20 percent of the jobs lost in the recession are not likely to return.”
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