Retailers are ramping up hiring for the holidays, but fewer seasonal employees are expected to be taken on this year.
, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses.said Thursday it will hire 250,000 full, part-time and seasonal workers for the crucial shopping period, rounding out a series of announcements made in recent weeks by the country’s top retailers.
“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 Fed cut its key rate for the first time in more than four years. It reflected its new focus on bolstering the job market, which saw positive signs this week when data from the Labor Department showed
“We are finding strong application flow,” said Macy’s, adding nearly a third of its recent hires are employees who've previously worked at the company.
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