NRF: While Americans “Breathing Sigh of Relief” With July Jobs Numbers Report, More Can Be Done to Encourage Growth

WASHINGTON --(BUSINESS WIRE)-- Following the announcement that the U.S. added a better-than-expected 117,000 jobs in July, National Retail Federation President and CEO Matthew Shay issued the following statement on today’s positive jobs news:

“While positive retail jobs growth in July is another indicator that retailers are pulling their weight in this economic recovery, a strong jobs agenda would allow retailers to increase hiring on an even larger scale.”

“Americans are breathing a sigh of relief that unemployment numbers are taking a step in the right direction. As an industry that provides jobs to more than 40 million Americans, consumer confidence in our economy and our government could not be more crucial as retailers inch closer to the holiday season. Now that the first chapter of the debt ceiling debate is behind us, retailers need Congress and the Administration to advance a strong jobs agenda that includes corporate tax reform, visa reform and passing the pending free trade agreements.”

According to the report, retailers added 26,000 jobs in July, second only to the health care industry.

“While positive retail jobs growth in July is another indicator that retailers are pulling their weight in this economic recovery, a strong jobs agenda would allow retailers to increase hiring on an even larger scale.”

As the world’s largest retail trade association and the voice of retail worldwide, NRF’s global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents an industry that includes more than 3.6 million establishments and which directly and indirectly accounts for 42 million jobs – one in four U.S. jobs. The total U.S. GDP impact of retail is $2.5 trillion annually, and retail is a daily barometer of the health of the nation’s economy. www.nrf.com.