Tax Reform Leads To Most Retail Job Opening Since 2000

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Walmart, the largest U.S. private employer, with more than 1 million workers, said Thursday it plans to raise starting wages from $9 to $11 an hour and hand out employee bonuses ranging from $200 to $1,000, becoming the latest company to give a least some of the credit for new worker benefits to the recently passed tax plan.

With the national unemployment rate at 4.1 percent, a 17-year low, there are more job openings in the retail industry now than at any time since December 2000, government data shows.

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Walmart chief executive Douglas McMillon said.

(c) 2018, The Washington Post · Abha Bhattarai, Todd C. Frankel 

{Matzav.com}


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