According to the study by PWC and NRF, retail is the largest private employer in the United States. Retail directly and indirectly supports 42 million jobs, provides $1.6 trillion in labor income and contributes $2.6 trillion annually to U.S. GDP.
The report also makes clear that retail is American small business. An overwhelming majority of retail businesses (99%) employ fewer than 50 people. In fact, these retailers provide 40 percent – or 11.5 million – of the 29 million jobs in retail.
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