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MenuGrocers Added Jobs in June As Unemployment Rate Holds at 3.6%

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Edit
 * The Scan: Friday, July 8, 2022
 * The Giant Co. Names Ted Williams as Director of Nonfoods
 * How Hy-Vee Wants to Solve for Health and Convenience
 * Whole Foods Market to Open in Woodcliff Lake, NJ
 * Distributor Great Lakes Foods Partners With eGrowcery


Retailers


GROCERS ADDED JOBS IN JUNE AS UNEMPLOYMENT RATE HOLDS AT 3.6%

Labor force participation rate reverses course and inches down to 62.2% By
Christine LaFave Grace on Jul. 08, 2022

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Photograph: Shutterstock

U.S. employers added 372,000 jobs in June, higher than economists' estimates of
250,000 to 270,000, and the unemployment rate again held steady at 3.6%, the
Bureau of Labor Statistics reported Friday. However, the labor force
participation rate reversed course, ticking back down 0.1 percentage point to
62.2%.

Food and beverage stores added 6,100 jobs during the month after shedding 8,300
jobs in May. Supercenters and warehouse clubs, after giving up nearly 28,000
jobs in May, lost 5,200 jobs in June. U.S. retailers overall added 15,400 jobs
in June, a significant improvement after job losses in May.    

Restaurants and bars, meanwhile, added a healthy 40,800 jobs last month after
adding 46,000 the month before. The transportation and warehousing sector, which
has seen costs skyrocket, added more than 35,000 jobs, with trucking seeing
transportation's largest gains—a modest 4,300 jobs after a gain of 13,000 jobs
in May.



Wages were up 5.1% year over year after rising 5.2% in May, with average hourly
earnings for all private-sector employees climbing 10 cents in June from May,
matching the previous month's gain. Average hourly earnings stood at $32.08 for
private-sector workers overall; earnings for production and nonsupervisory
employees stood at $27.45 after rising 13 cents during the month.

As in May, the BLS also posted a downward revision to jobs numbers reported in
previous months. The bureau revised down its April jobs tally by a notable
68,000 jobs and revised down its May mark by 6,000 jobs. April and May, then,
saw employers add 74,00 jobs fewer than previously reported.



Following the Federal Reserve's recent interest-rate increases, economists and
retailers—who have seen consumer sentiment dive and shoppers shift their
spending from discretionary categories to consumables—will be closely watching
next week's consumer price numbers for June. Consumer price inflation reached
8.6% in May, the BLS reported, and grocery prices were up 11.9% year over year—a
food-at-home inflation rate not seen since April 1979. The BLS is scheduled to
release its June CPI report on July 13. 

Workforce 


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TRENDING

Retailers


THE SCAN: FRIDAY, JULY 8, 2022

Retailers


THE GIANT CO. NAMES TED WILLIAMS AS DIRECTOR OF NONFOODS

Industry Partners


NGA TAPS PUBLIC POLICY ANALYST BRUCE MEHLMAN AS KEYNOTE SPEAKER FOR FALL SUMMIT


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NEWSLETTER


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ESSENTIAL RESOURCES


STATE OF PROTEIN 2022

Meat—or, rather, meat prices—starred in stories about rising inflation at the
grocery store in 2021.


5 HOT MARKETS FOR RETAIL INVESTMENT

In this special report, compiled using data and insights from CrowdStreet and
Placer.ai, Winsight Grocery Business looks at five hot markets for grocery
retail investment in 2022 and who’s leading the pack in those regions.


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retailers and industry professionals.


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DIGITAL EDITION

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TRENDING

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GROCERS ADDED JOBS IN JUNE AS UNEMPLOYMENT RATE HOLDS AT 3.6%

Industry Partners


AHOLD DELHAIZE SEEKS DIVERSE PRIVATE-LABEL SUPPLIERS

Retailers


HOW HY-VEE WANTS TO SOLVE FOR HEALTH AND CONVENIENCE



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In This Issue November/ December 2021 Read Issue
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Winsight is a leading B2B information services company focused on the food and
beverage industry, providing insight and market intelligence to business leaders
in every channel consumers buy food and beverage – convenience stores, grocery
retailing, restaurants and noncommercial foodservice – through media, events,
data products, advisory services, and trade shows.

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