U.S. retail foot traffic is slackening and growth in the number of shifts worked by hourly employees has ground to a halt, a clutch of ...
REUTERS: U.S. retail foot traffic is slackening and growth in the number of shifts worked by hourly employees has ground to a halt, a clutch of high-frequency data showed this week, offering the latest evidence the economic recovery that appeared so promising two months ago is rapidly losing momentum.
Employment at small businesses managed by Homebase https://joinhomebase.com/data edged down in the latest week. Alongside the plateau in hourly worker shifts, measures of foot traffic to commercial destinations has also hit a wall after steady increases in May and June. Other measures that combine a range of factors including demand, employment and health data paint a similar picture.
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