In the February 2015 Monthly Economic Review, NRF Chief Economist Jack Kleinhenz provides in-depth analysis on the latest government economic indicators, such as wages and income change, retail sales and consumer sentiment. Additionally, the report looks at retail employment. Employment, according to NRF, which excludes automobiles, gas stations and restaurants, increased 34,800 in January to 2.76 million jobs seasonally adjusted, a gain of 215,600 from the same month last year. Total retail employment across all industry segments increased 45,900 to 15.6 million in January.
NRF’s Monthly Economic Review is a report for NRF and its communities’ members that includes the latest information on industry sales, providing a thorough overview of the current retail and economic climate.
Prepared by NRF chief economist Jack Kleinhenz, the report utilizes recent economic data to analyze the impact of key indicators such as energy costs and the housing market on retail sales growth.