WASHINGTON — Department store jobs fell sharply in October and unemployment reached its highest level in 14 years, while President-elect Barack Obama urged passage of an economic stimulus package in a press conference on Friday.
Amid falling retail sales, department stores slashed 18,000 jobs to employ 1.476 million, and apparel and accessories stores cut 700 positions to employ 1.493 million, the Labor Department said Friday.
Apparel manufacturers cut 4,000 jobs in October to employ 189,400. Textile mills that primarily manufacture apparel fabric trimmed 1,300 jobs to employ 147,900, and textile product mills, which produce industrial and home furnishing...
Department Store Jobs Slashed in October
Department Store Jobs Slashed in October
by
Posted Monday November 10, 2008
From WWD Issue 11/10/2008
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