Amazon alone said it will hire 250,000 full, part-time and seasonal workers.
Thursday, October 3, 2024 5:14PMRetailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses.
Others have indicated they will scale back their holiday hiring. Macy's said it would add more than 31,500 seasonal positions this year across its Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. Last year, the company added 38,000. However, EY Parthenon expects price increases due to inflation to account for a big chunk of that growth, saying real volume sales will only rise 0.5% year-over-year.
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. The move reflected its new focus on bolstering the job market.
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