Retailers Plan to Hire 520,000 Seasonal Workers for Holiday Shopping
Despite a slowdown in hiring, major retailers like Amazon and Target are gearing up for a busy holiday season with significant staffing plans.
- Amazon, Target, and other major retailers are hiring thousands of seasonal workers, maintaining similar levels to last year.
- Macy's plans to hire over 31,500 seasonal employees, slightly down from 38,000 last year, while UPS aims to increase its seasonal workforce to 125,000.
- The U.S. retail sector is expected to add 520,000 new jobs this holiday season, marking the second-lowest total since 2009.
- Retail sales are projected to grow by 2.3% to 3.3%, with online sales expected to reach a record $240.8 billion.
- Consumers face rising credit-card debt and falling savings, potentially impacting spending amid ongoing inflation and a port workers' strike.