Report: Retailers trimmed some jobs in December

01/6/2013 | Women's Wear Daily (subscription required)

The U.S. economy gained jobs in December, but specialty apparel and accessories retailers and department stores bucked the trend, cutting a combined 23,500 jobs after adding positions in November, according to the Labor Department. "It was the timing of hiring with a shift in Thanksgiving," said Moody's Analytics economist Scott Hoyt.

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