U.S. retailers are ramping up hiring for the holiday season but expect to take on fewer seasonal employees to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon said Thursday that it plans to hire 250,000 full, part-time and seasonal workers for the shopping period.
FILE - Amazon employees load packages on carts before being put on to trucks for distribution to customers for Amazon’s annual Prime Day event at an Amazon’s DAX7 delivery station on July 16, 2024, in South Gate, Calif. FILE - Walmart workers organize merchandise at a Superstore in Secaucus, New Jersey, July 11, 2024.
The holiday shopping period is the busiest time of year for online and brick-and-mortar retailers, some of which have already announced discount events to entice consumers planning to shop early for gifts. “At the moment, retailers appear optimistic for a strong holiday shopping season, which is being reflected in the hiring plans of major retailers and warehouses,” said Andy Challenger, senior vice president at the outplacement firm Challenger, Gray & Christmas.
Generally, the labor market has gradually lost momentum since the Federal Reserve hiked its benchmark interest rate numerous times in 2022 and 2023 to combat high inflation. Last month, the Fedfor the first time in more than four years. The move reflected its new focus on bolstering the job market.
Macys Inc. Walmart Inc. General News MN State Wire WA State Wire NYC State Wire WI State Wire Federal Reserve System N U.S. News Bath Body Works Inc. F Lifestyle Adobe Inc. L Kohls Corp. Business A U.S. News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon launches new Amazon Saver private label to help shoppers save, take on Walmart, TargetMost Amazon Saver items will be priced under $5.
Read more »
Amazon Launches Private-Label Food Brand 'Amazon Saver' to Compete with Target and WalmartAmazon has introduced 'Amazon Saver', a new private-label food brand aimed at offering budget-friendly options for consumers amid high grocery prices. The move follows similar initiatives by Target and Walmart, who launched their own low-cost brands recently.
Read more »
Huge gamma-ray burst collection 'rivals 250-year-old Messier catalog'Hundreds of gamma-ray bursts (GRBs) have been recorded as part of an enormous global effort so extensive it 'rivals the catalog of deep-sky objects created by Messier 250 years ago', astronomers say. GRBs are the most violent explosions in the Universe, releasing more energy than the Sun would in 10 billion years.
Read more »
Mysterious Rock Art May Depict 'Strange' Animal From 250 Million Years AgoThe 18th century Indigenous painting may portray a long extinct creature that appeared before the first dinosaurs, a study found.
Read more »
Costco Shopper Lost 250 Pounds By Eating These 8 FoodsYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
How Massachusetts plans to celebrate 250 years since the RevolutionMassachusetts is planning hundreds of events over the next two years to celebrate the state's history dating back to the American Revolution.
Read more »