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Retail job cuts now the highest since records began

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Retail job cuts have hit their highest rate since records began nearly a decade ago thanks in part to automation and wage increases. According to the British Retail Consortium (BRC) retailers employed three per cent less staff year-on-year in the last quarter, while the average number of hours worked dropped 4.2 per cent, both measures representing the sharpest decline since the height of the last financial crisis in 2008. Retail’s employment figures are made all the more significant when compared with the wider economy, which has seen unemployment fall to the lowest point in 40 years

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Retail job cuts now the highest since records began

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