Here is the most recent Retail & Consumer job report as of Feb 10, 2025:
In January 2025, the U.S. private sector added 183,000 jobs, with annual pay increasing by 4.7% year-over-year. Consumer-facing industries, particularly in the service sector, were significant contributors to this growth.
Industry-Specific Insights:
• Retail Trade (including Grocery): The trade, transportation, and utilities sector, encompassing retail trade and grocery, saw an increase of 56,000 jobs in January. This growth indicates a sustained demand for retail and grocery services, reflecting consumers’ consistent spending patterns.
• Consumer Packaged Goods (CPG): While specific employment data for the CPG sector isn’t detailed in the report, the overall positive trend in trade and transportation suggests stability. However, the industry continues to navigate challenges such as evolving consumer preferences and supply chain disruptions.
• Leisure, Hospitality, and Food Services: The leisure and hospitality sector experienced a notable increase of 54,000 jobs in January. This growth underscores a resurgence in travel, dining, and entertainment activities, signaling a robust recovery in consumer demand for these services.
• Consumer Services: The ‘other services’ category, which includes various consumer services, added 15,000 jobs. This uptick reflects a steady demand for personal and professional services, aligning with broader economic growth.
Additional Insights:
Despite the positive employment trends, certain sectors face ongoing challenges. For instance, the manufacturing sector reported a decline of 13,000 jobs in January, highlighting potential issues in production and supply chains.
Overall, the labor market demonstrates resilience, with consumer-facing industries leading job growth. As the economy continues to evolve, businesses in these sectors should remain adaptable to changing consumer behaviors and external economic factors.
Information based on the ADP® National Employment Report. Brought to you in collaboration by the teams at EVOA Digital, CPG Cloud Partners, and Red Stapler. This article was initiated using AI technology provided by Apple and OpenAI.
