The data: Despite a stream of recent headlines about layoffs in the retail and tech sectors—including Dell and Getir on Monday announcing job cuts—the number of people working in retail keeps growing.
It’s hard to find good help: The US unemployment rate is 3.4%, the lowest it has been since the US first sent astronauts to the moon.
Zooming in: While it is true that many high-profile retailers have recently announced layoffs, even after those job cuts many of those companies will still employ far more people than they did before the pandemic.
The big takeaway: There is no shortage of stories about layoffs hitting the retail and technology sector.
Go further: Read our Analyst Take: Future of work in limbo as upheaval rocks industries unevenly.
This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing—a daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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