US retailer holiday hiring to drop to levels last seen in 2008
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U.S. retailers are expected to hire the lowest number of seasonal workers for the holiday season since 2008, according to a report by Challenger, Gray & Christmas. Increased labor costs and shaky consumer confidence are to blame. It is estimated that retailers will add just 410,000 seasonal jobs this season, slightly above the 324,900 added during the last quarter of the financial recession of 2008. Holiday sales are also expected to grow at their slowest pace in five years. Employers are showing hesitancy in hiring due to a cooling labor market.
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Frequently Asked Questions
Q: Why are US retailers expected to hire fewer seasonal workers for the holiday season?
A: US retailers are expected to hire fewer seasonal workers for the holiday season due to increased labor costs and shaky economic conditions. This drop in hires is anticipated to reach levels last seen in 2008.
Q: When was the last time US retailers had such low levels of holiday hiring?
A: The last time US retailers had such low levels of holiday hiring was in 2008.
Q: What is causing the decrease in holiday hiring for US retailers?
A: The decrease in holiday hiring for US retailers is primarily due to increased labor costs and shaky economic conditions.
Q: How much of a drop in seasonal hires is expected compared to the previous year?
A: So far, there has been a 27% drop in seasonal hires for the holiday season compared to the same period in the previous year.
Q: Are there any historical trends in seasonal hiring for US retailers?
A: Yes, historical trends show that seasonal hiring for US retailers in 2008 was also low due to the recession.
Q: Is there any information about seasonal hiring in other sectors or industries?
A: The provided search results focus specifically on the holiday hiring trends in the retail industry, and there is no direct information about seasonal hiring in other sectors or industries.
Please note that the information provided is based on the search results and may not cover all possible aspects of the topic. It is always recommended to refer to the original sources for comprehensive and up-to-date information.