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August Jobs Report a Huge Disappointment for Retail, Fashion

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Job growth is slowing in the U.S. after two months of robust hiring, and retail workers are the biggest losers. The Department of Labor on Friday said private employers added only 235,000 workers, versus estimates by economists that there could be as many as 720,000 new hires. Retail trade jobs fell 28.5 percent, losing 15,325…

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