US Retailer Holiday Hiring To Drop to Levels Last Seen in 2008
September 18, 2023
US retailers are anticipated to hire the fewest seasonal workers for the upcoming holiday season since 2008 due to escalating labor expenses and uncertain consumer confidence, reveals a report by Challenger, Gray & Christmas. The analysis forecasts an addition of 410,000 seasonal jobs, only slightly surpassing the 324,900 workers hired during the last quarter of the financial crisis. This conservative approach to hiring is attributed to slower economic growth, prompting consumers to be more cautious in their spending during the holiday season.
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