An estimated 5,300 retail locations have closed through June 20, according to one estimate — nearly triple the rate from a year ago. That makes 2017 poised to surpass the number of closings in 2008, in the depth of the Great Recession. Yet it’s the decline of industries like coal and manufacturing that get the big attention, especially from politicians. That’s surprising, since the closings mean that retail, which employs about 10 percent of all working Americans, is shedding jobs at a rate that dwarfs either of those. The retail sector shed 6,100 positions in June this year alone, according to the Labor Department.
Source: Drudge Report

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