By  on December 3, 2010

WASHINGTON Skittish retailers scaled back employment levels in November after expanding payrolls in October, the Labor Department said Friday.

Department stores slashed 8,800 positions to employ 1.48 million in November, while specialty retailers eliminated 1,600 jobs to employ 1.4 million.

General merchandise stores, a category that includes department stores and discounters, cut 14,500 jobs to employ 2.94 million.

In the broader economy employers added a scant 39,000 jobs in November. The unemployment rate increased to 9.8 percent after staying unchanged for the last three months.

Textile manufacturers cut 1,500 jobs. Textile mills that manufacture apparel fabric cut 100 jobs to employ 123,100. Textile product mills, which manufacture mostly home furnishing and industrial fabrics, cut 1,400 jobs to employ 118,600. Apparel manufacturers eliminated 800 jobs to employ 163,200.

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus