Retail employment up on 2009

jewellery-shop-asst-83786483.jpg

More retail jobs are created as shop openings increase.

Employment figures in the retail sector grew 2.1 percent in the third quarter of the year compared with 2009, according to the British Retail Consortium (BRC)-Bond Pearce Retail Employment Monitor.

The Monitor said that there were 12,746 more retail jobs in the quarter compared with last year, driven by a 4.2 percent increase in new shops opening during the period.

BRC director-general Stephen Robertson said: “British retail is the engine room of economic recovery. This is the 10th consecutive month of retail employment growth, which is an impressive effort in tough trading conditions.

Story continues below
Advertisement

“At a time of economic uncertainty, and with half-a-million public jobs due to be lost by 2014, this is up-to-the-minute evidence that retailers are continuing to invest in new premises and people.”

The Monitor said that 61 percent of retailers planned to increase staffing levels in the next three months, up from 54 percent last year. It claimed that no retailers quizzed were planning to cut staff in the next three months, compared to 8 percent in 2009.

It added that redundancies in the retail sector are low in comparison to other sectors but said that this figure was likely to rise as the effects if the spending review are felt around the country.

Stephenson said: “The recovery remains fragile and continuing growth should not be taken for granted. Rightly, the government has shown resolve, with the public spending cuts part of its plan for the country. It must be equally committed to promoting the private sector-led growth it knows is needed.”

Authors
TAG CLOUD

*

Related posts

Top