WASHINGTON — Retailers, buoyed by strengthening consumer confidence and spending, added 37,100 jobs to payrolls in June, as employment gains in the overall economy beat economists' expectations,the Labor Department's monthly employment report showed on Friday.
Apparel and accessories stores added 8,100 jobs to employ 1.4 million in June. Generalmerchandise stores, including discounters and department stores trimmed 100 jobs to employ 3.1 million. Within the general merchandise group, department stores added 100 jobs to employ 1.5 million in June.
The overall economy added 195,000 jobs, while the unemployment rate remained unchanged at 7.6 percent.
"Despite a headwind from the federal spending sequester, the private sector is creating more jobs than previously thought," said Paul Edelstein, director of financial economics at IHS Global Insight.
Edelstein said strong June jobs growth combined with upward revisions in April and May brought average monthly job growth to 199,000 per month, up from the average of 163,000 per month, following the May employment report.
"Stronger payrolls mean higher long-term interest rates for the economy," Edelstein said."Strong payrolls should boost market expectations for economic growth and inflation, which can push up bond yields. But the numbers also suggest that the Fed could be closer to slowing its bond buying than previously thought."
In the apparel and textile manufacturing sector, apparel employment fell 700 to 141,800. Mills making apparel fabrics and yarns added 800 jobs to employ 115,600, while mills making home furnishings products added 100 jobs to employe 114,400.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews