The U.S. Department of Labor announced that retail managed to add 8,100 jobs to the economy in June.
While adding jobs is better than losing them, spring and summer historically has been a peak hiring season for retail, so 8,100 positions is still meager in comparison to the 37,000 jobs healthcare added this month, for example.
In a note, Bankrate senior economic analyst Mark Hamrick estimated that 51,000 retail jobs have been lost in the past three months, as consumers continue to choose e-commerce shopping with giants like Amazon.com Inc. (AMZN) over bricks-and-mortar, leading major department stores, in particular, like J.C. Penney (JCP) and Sears Holdings Corp. (SHLD) to close massive amounts of stores.
"The shift to online sales appears to be accelerating, taking a toll on store chains and employees while leaving empty store fronts in malls, strip centers and elsewhere," Hamrick said.
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