October Retail Hiring Lowest In Six Years

from Challenger Gray and Christmas

Fewer major retailers have announced large-scale hiring announcements so far this year, which reflects the drop in the number of October employment gains in the sector. Gains fell 8 percent from last year to 136,700, the lowest October gain since 2011, when the sector added 134,200 jobs.

Imports up and exports down doesn’t help US GDP:

Port of Long Beach: Another Record Month in October

By Bill McBride

Read more at http://www.calculatedriskblog.com/#TgvZqc4qb4gZ5jQb.99

Inbound containers destined for retailers jumped 14.3 percent to 339,013 TEUs. Export boxes decreased slightly, 0.5 percent, to 126,150 containers. Empty containers sent overseas to be refilled with goods increased 28.9 percent, to 204,055 TEUs.