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| Workforce
The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation.
| Retail Sales
NRF Chief Economist Jack Kleinhenz says data released by the U.S. Census Bureau shows retail sales expanded in February after a strong but flat January.
| Easter
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
| Retail Sales
Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Port Tracker
With the supply chain adjusting to ongoing Houthi rebel attacks on commercial vessels in the Red Sea, inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024, according to the Global Port Tracker report from NRF and Hackett Associates.
| Economic Review
NRF Chief Economist Jack Kleinhenz says Inflation and the Federal Reserve’s efforts to bring it under control will continue to play a major role in the economy this year.
| Retail Sales
Data released by the U.S. Census Bureau shows retail sales cooled in January but that households continued to spend, NRF Chief Economist Jack Kleinhenz said.
| Retail Sales
Retail sales showed a strong beginning for the year in January, nearly matching December’s busy holiday spending and rising significantly year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.
| Port Tracker
Inbound cargo volume at the nation’s major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report from NRF and Hackett Associates.
| Technology
NRF today announced that its Center for Digital Risk & Innovation will join a diverse group of the nation’s leading artificial intelligence (AI) stakeholders to support the development and deployment of trustworthy and safe AI. Established by the Department of Commerce’s National Institute of Standards and Technology (NIST), the U.S. AI Safety Institute Consortium (AISIC) will bring together AI creators and users, academics, government and industry researchers, and civil society organizations to meet this mission.