April 5, 2012
Fewer Seeking, Finding Retail Work
Applications for retail work in the U.S. fell 10 percent between February and March, and hiring in the industry fell 11.6 percent, according to Chelmsford-based Kronos Inc.
The firm's numbers, which are seasonally adjusted, show applications down about 20 percent from last March, when they hit a near-record high.
The Kronos Retail Labor Index, based on the ratio of hires to applications, was down slightly month-over-month in March to 4.3 percent. That's only the third time since 2008 that it's hit 4 percent or higher.
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