The latest ONS report reveals a concerning decline in retail employment, with 2.88 million jobs reported in December 2024, the lowest since 1996. The four-quarter average indicates a loss of 70,000 jobs compared to last year, reflecting broader economic challenges despite an increase in overall employment. Retailers face hurdles from rising wage bills and new legislation, resulting in hiring freezes. With part-time roles, crucial for many re-entering the workforce, particularly at risk, industry leaders express deep concern for the future of flexible employment opportunities.
The number of retail jobs in 2024 was the lowest since the data began in 1996, despite total jobs in the economy continuing to rise.
Jobs cuts are likely to fall disproportionately on part-time roles. 200,000 part-time jobs have already been lost over the last seven years.
The rise in employer NICs and increased National Living Wage have made hiring significantly more costly for retailers.
Flexible retail roles are important for many people as they provide a first job opportunity or a chance for those returning to the workforce.
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