Kronos , global leader in workforce management solutions, released its Retail Labour Index for August. The report shows that the hiring has slowed for the second consecutive month, as has the number of applications submitted. Moreover, there has been a drop in the 60-day retention index. The report examines the state of the demand and supply sides of the labor market within the U.S. retail sector for July. The analysis and write-up are prepared by Macroeconomic Advisers . Chris Varvares, senior managing director and co-founder, Macroeconomic Advisers, said, "The Kronos Retail Labor Index edged down one-tenth to
Chelmsford, Mass. -- The Kronos Retail Labor Index edged up to 4.2% in June from a reading of 4.1% in May. The June reading reflected sharp declines in both applications and hiring. (The index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3.0% means that for every 100 applications received, three hires occurred.) The retailers representing 18,362 distributed locations across the U.S. that make up the Kronos data sample made 33,473 hires (seasonally adjusted) in June 2012, the lowest reading since October 2011. While the June reading
Chelmsford, Mass. -- The Kronox Retail Labor Index released by the company on Thursday showed that retail hiring is on the rise, even as fewer people seek jobs in the retail sector. The Index jumped to 4.2%, up nearly 7% from last year, indicating a potential recovery in the labor market. The number of applications edged down 1.3% , which is down nearly 6% from its level one year ago, pointing to applicants seeking employment in other growing industries. “Retail firms in the Kronos sample have faced modestly tightening hiring conditions in recent months, as the pool of applications
Chelmsford, Mass. -- A report released Thursday by Kronos Inc. showed that hiring conditions among retailers are tightening, suggesting an improvement in the industry. The Kronos Retail Labor Index jumped to 4.1% in January 2012 from a downwardly revised 3.4% in December 2011. (This index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3.0% means that for every 100 applications received, three hires occurred.) This was the second reading above 4.0% since October 2008 and primarily reflected a sharp decline in applications, as hires were little changed
Chelmsford, Mass. -- Monthly hires in the retail industry remain well above the lows reached during the recession and suggest retail hiring is continuing to improve following sharp declines in 2008 and 2009, according to the January Kronos Retail Labor Index. The Index dipped to 3.5% in December, reflecting a 7.6% drop in hires made. (The January report includes data for December 2011. The analysis and write-up is prepared by Macroeconomic Advisers LLC). “The December decline in hires followed a strong 8.0% increase in hires in November, which could indicate retailers made hiring decisions earlier in the year in
Retail hiring levels have reached the highest mark in nearly three years. The Kronos Retail Labor Index, which characterizes the current state of the demand and supply sides of the labor market within the U.S. retail sector, rose to 3.9 percent in September, reflecting a strong gain in hires and a modest decline in applications, all on a seasonally adjusted basis.