Retailers cut jobs in May as consumers grapple with inflation and turn to services

Retailers cut staff in May as they battle bloated inventories and the pressure of high inflation, while employers hired more widely ahead of the summer, including strong hiring at hotels, restaurants and places of entertainment.

The retail sector shed 61,000 jobs in May, an outlier in the labor market that added 390,000 workers to the payroll in May, the Labor Department said Friday. Job gains were widespread last month, with the leisure and hospitality, professional and business services, construction, transportation and warehousing sectors all adding jobs at a healthy pace. Automakers are cutting jobs.


Wj

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