Retail holds strong in NYC
New York City added 4,700 retail jobs in the first quarter of 2013, according to a report by Eastern Consolidated.
The retail and restaurant industries added 87,000 jobs combined since 2009.
The report acknowledges that sales volume fell significantly so far this year, but it attributes that to the fact that people have less to spend after the 2012 tax filing season.
“Sales volume did indeed fall in the first quarter,” Eastern Consolidated chairman and CEO Peter Hauspurg said in a statement, “but nevertheless investor interest continues to be strong.”