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Jobless Rate Drops.(Brief article)

WWD

| March 07, 2011 | Ellis, Kristi | COPYRIGHT 1999 Fairchild Publications, Inc. (Hide copyright information)Copyright

Byline: KRISTI ELLIS

Jobless Rate Drops

WASHINGTON

Clothing and accessories stores added to their payrolls in February, while department stores trimmed back as the overall unemployment rate dipped slightly, marking the lowest level in nearly two years.

Apparel specialty stores added 3,000 jobs to employ 1.42 million last month, while department stores cut payrolls by 4,000 jobs in February to 1.49 million. General merchandise stores, a category that includes department stores and discounters, added 2,000 jobs in February to employ 2.99 million.

"Retail overall was pretty weak," said Marisa Di Natale, an economist with Moody's …

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