U.S. Retailers to Hire Fewer Seasonal Workers Amid Economic Uncertainty

Retailers are set to add 520,000 jobs this holiday season, down from 564,200 last year, as consumer spending tightens.

Retailers like Target and Bath & Body Works are maintaining their hiring levels from previous years, with Target planning to hire 100,000 seasonal workers.
Holiday sales are projected to grow at their slowest pace in six years, influenced by persistent inflation and depleted savings.
The labor market has shown signs of slowing, with U.S. employment rising less than expected in August.
Retailers are launching early promotions and discounts to attract budget-conscious shoppers, with Target introducing more affordable holiday items.
Analysts predict that while there will be some growth in holiday spending, it will be more subdued compared to previous years.