Where in the World are the DINKs?

Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.

News

GDP data confirmed that the UK slipped into recession in the second half of 2023. The BoE needs to reverse course quickly or else face a more severe downturn.

Industries: Discover industry-specific insights and the state of hiring in these main sectors.

We have expanded our reporting to cover Canada and the UK.

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Recruitonomics is a hub for data-driven research that aims to make sense of our evolving world of work.

Retail Snapshot

07 Feb 24

Falling Demand, Despite the Holiday Rush

Employment Trends in Retail


Even in the holiday season, the retail sector couldn’t escape the volatility it experienced throughout all of 2023. In the fourth quarter, the retail sector started off strong, adding 16,000 jobs, then immediately lost 24,400 net jobs in November, before rebounding with 17,400 jobs in the last month of the year. While growth has essentially plateaued with this sporadic pattern, employment in the sector has eclipsed pre-pandemic levels. Something to note is that these figures are seasonally adjusted, meaning that they account for the holiday season variation of increased hiring. Unadjusted numbers show growth; it is not that the retail sector was not hiring strongly in the fourth quarter, just that it was less robust than seasonal adjustments expected.

Within the retail subsectors, growth was generally negative in December. Of those we track, the only sector that experienced positive growth was general merchandise retailers, which added 1,600 net new jobs. Other sectors (not shown in the chart below) that gained workers were clothing, jewelry, and shoe retailers, along with warehouse clubs and supercenters. Both these subsectors likely see holiday-driven increases in traffic, so it naturally follows they would see increases in employment during this season.

 

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Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.
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