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February 06, 2007
Department Stores Resume Hiring
Department stores added a seasonally adjusted 2,100 hundred jobs in January, signaling growth in the sector. The hiring surge follows a series of cuts which equaled a loss of over 50,000 jobs last year. Many of the losses resulted from consolidation, such as Federated Department Stores buy of May Department Stores.
Apparel and accessories stores fared better last year, adding 28,200 jobs to their payrolls. They trimmed back last month, however, by cutting 6,700 jobs.
Posted by Blacks on February 6, 2007 09:34 AM
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