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April 5, 2013

NRF Issues Statement on the March Jobs Numbers

For Immediate Release
Stephen E. Schatz (202) 626-8119
SchatzS@NRF.com

NRF Issues Statement on the March Jobs Numbers

WASHINGTON, April 5, 2013 – The National Retail Federation today issued the following statement from President and CEO Matthew Shay on the March labor figures:

“Today’s economic numbers on jobs and unemployment are disappointing, at best. Even the lower percentage of unemployment points to a discouraged job seeker who has given-up and left the workforce.

“A disturbing barometer of our nation’s fiscal health can be found in the jobs lost in the retail trade sector, the only sector that has pretty consistently provided a lift for our overall economy through this slow recovery period.

“This is far from a wake-up call. It is an urgent plea for help by Americans and the businesses that employ them for policy makers to stop pointing fingers and to start implementing policies that encourage job growth and capital investment.

“We need a bold, forward thinking and sensible fiscal plan that provides certainty and confidence for a stronger economic future in this country, as opposed to rhetoric and gestures that only serve as a convenient sound bite for the next newscast.”

As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation. www.nrf.com

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