Retail Labor Index – June 2011

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 … Continue reading Retail Labor Index – June 2011

February Retail Labor Index

Today's guest blog post is courtesy of Dr. Robert Yerex, Chief Economist at Kronos.  You can find more information on the Kronos Retail Labor Index and details about the most recent results here. You can listen to a podcast conversation with Robert on "the new normal" here. The New Normal, with High Unemployment The past … Continue reading February Retail Labor Index

Consumer Driven Economy at a Cross Roads

Dr. Robert Yerex, Chief Economist at Kronos, was recently recognized by the National Association for Business Economics for his paper “Consumer Driven Economy at a Cross Roads”.  Robert's research leverages the Kronos Retail Labor Index, a family of metrics and indices that analyze the relationship between the demand and supply sides of the labor market … Continue reading Consumer Driven Economy at a Cross Roads

August 2010 Retail Labor Index

Kronos released the newest Retail Labor Index data today.   Following is a summary analysis from Dr. Robert Yerex, Chief Economist at Kronos. The Kronos Retail Labor Index was up slightly for the month of July, to a level of 3.63. This means that out of 10,000 applicants, 363 are being hired. Both hirings and applications … Continue reading August 2010 Retail Labor Index

July Retail Labor Index

Dr. Robert Yerex of the Kronos Staffing Science Team provides the following context for this month's Retail Labor Index report: Retail employers increased the number of hires they made in June to a level that was more than 30% higher than in June of 2009. Unfortunately for those seeking a position, the number of applicants … Continue reading July Retail Labor Index

June Retail Labor Index

Here is the June release of the Kronos Retail Labor Index, submitted by Kelly Northrop of Kronos.  This data reflects similar trends seen in the May employment data released on Friday that indicates very modest gains in job creation beyond the temporary US census jobs. The June release of the Kronos Retail Labor Index reveals … Continue reading June Retail Labor Index

April Retail Labor Index

According the the US Bureau of Labor Statistics employment report released on Friday, U.S. employers created jobs at the fastest pace in three years in March.  Nearly, one-third came from temporary hiring for the 2010 Census.   Nonfarm payrolls rose by 162,000, the largest gain since March 2007.  Our April Retail Labor Index likewise increased, with … Continue reading April Retail Labor Index

March Retail Labor Index

The March release of the Kronos Retail Labor Index reveals that in February 2010 both applications and hires decreased over January 2010 levels on a seasonally adjusted basis.  The decrease in applications slightly outweighed the decrease in hires, so that the Index rose from 3.20% to 3.26%.  This means that for every 100 applications received, … Continue reading March Retail Labor Index

February Retail Labor Index

The February release of the Kronos Retail Labor Index shows that in January 2010, retail applicants came back into the market in force, with a 20% increase in applications over December 2009.  We had observed a seasonally adjusted decline in applications at the end of 2009, possibly due to workers becoming discouraged by their holiday … Continue reading February Retail Labor Index

January Retail Labor Index

The January release of the Kronos Retail Labor Index report provides results for the December 2009 Index as well as a year-end recap of trends in the applicant population.  The December Index level was the highest of 2009, at 4.02% (for every 100 applications received, 4.02 hires were made).  This result appears to be driven … Continue reading January Retail Labor Index

December 2009 Retail Labor Index

Guest Blog from Kelly Northrop, Analytics Consultant at Kronos: The December release of the Kronos Retail Labor Index shows that retailers are engaging in a late ramp-up in hiring for the holiday sales season.  The Retail Labor Index rose significantly in November to 3.87, which means that for every 100 applications, 3.87 hirings occurred. This … Continue reading December 2009 Retail Labor Index

November 2009 Retail Labor Index Report

Guest Blog from Kelly Northrop, Analytics Consultant at Kronos: The November release of the Kronos Retail Labor Index includes results for both September and October 2009.  After an uptick in August to 3.00%, the September Index dropped to 2.58% (for every 100 applications received, 2.58 hirings occurred).  The September result coincided with a decrease in … Continue reading November 2009 Retail Labor Index Report