Survey: Employee shoplifting on rise

July 5, 2011 4:40:10 AM PDT
A new survey shows employee shoplifting is on the rise. And experts say that points to good news for the economy.

According to a National Retail Federation survey, the spike in stealing suggests the economy is on the upswing.

The report shows retailers lost $37 billion in 2010 from theft, up more than $3 billion from 2009.

Analysts say it's likely because retail employees are more afraid of being caught and fired in a recession, so they're less likely to steal. But they're willing to take more risks when they have a better chance of finding a new job.

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