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The February unemployment rate for
The American unemployment rate remained unchanged from January to February. Unemployment rates for both months hovered around 9.7 percent, according to a March 5 statement from the U.S. Bureau of Labor Statistics. Unfortunately for
If employment numbers hold steady for
“It’s still a mixed picture,” Kyser said. “The industry is under incredible pressure.” But there is a bright side. Retailers have been doing better. February chain-store sales, which were reported March 4, reported their strongest performance since November 2007, according to the International Council of Shopping Centers. These healthier retailers have been ordering more inventory from manufacturers, Kyser said. This blogger should look more into the apparel manufacturing unemployment rate on March 10.
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