Retail Job Losses Outpace Mining Gains in 2017
President Donald Trump is rolling back Obama-era regulations that he says harmed the coal mining industry, vowing, “A lot of people are going to be put back to work, a lot of coal miners are going back to work.”
There has been some progress this year. The Bureau of Labor Statistics reports, “Mining employment rose by 11,000 in March, largely in support activities for mining (+9,000). Since a recent employment low in October, mining has added 35,000 jobs.”
Those gains, however, are far outpaced by the struggling retail sector. BLS reports that “in March, employment in retail trade declined by 30,000.” Since October, it says general merchandise stores have cut 89,000 jobs.
Overall, the economy added 98,000 non-farm jobs in March, fewer than economists expected.