According to Chris Varvares, senior managing director and co-founder, Macroeconomic Advisers, "the Kronos Retail Labor Index was nearly unchanged in May at 3.5 percent and has remained between 3 percent and 4 percent for ten of the last eleven months. This range characterizes a relatively good hiring environment, with nearly 30 fresh applicants for each hire. Hiring did edge lower in May, but remained strong compared to year-ago levels. Retailers in the Kronos sample hired nearly 22 percent more workers in May 2011 than they did a year earlier."
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