{"id":2101612,"date":"2023-11-17T07:26:02","date_gmt":"2023-11-17T12:26:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday\/"},"modified":"2023-11-17T07:31:27","modified_gmt":"2023-11-17T12:31:27","slug":"holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday\/","title":{"rendered":"Holiday seasonal hiring expected to slow as shopping kicks off with Black Friday"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fholiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2101612&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Seasonal Hiring for the Holiday Season Expected\u2063 to Slow Down<\/h2>\n<p>Get ready for a different kind of holiday \u200cshopping experience this year. \u2064Seasonal hiring for the holiday season is\u2064 projected to be slower \u2062than last year, indicating a potential cooling off of the labor market. As the Federal Reserve maintains high interest rates, retailers across the\u2064 country are preparing for a less intense surge\u2064 in hiring compared\u200b to previous years.<\/p>\n<p>Typically, retailers hire additional staff ahead of the holiday shopping season, which kicks\u2064 off\u200c with Black Friday and extends through December. The\u2063 increase in shoppers\u2064 buying gifts and groceries for holiday feasts requires more workers to handle the\u200b demand.<\/p>\n<h3>Lower \u2062Expectations for Seasonal Hiring<\/h3>\n<p>According to the National Retail Federation, employers are expected to add between 345,000 and 445,000 seasonal workers to their payrolls,\u2062 a decrease of up to 40% compared to\u200d the peak in 2021. Outplacement services firm Challenger, Gray, and Christmas predict \u200deven fewer seasonal positions, with an estimated 410,000 retail jobs \u2063added in the \u200cfourth quarter, the \u2063lowest number since 2008.<\/p>\n<p>Andrew Challenger, head of sales and media\u200b at Challenger,\u2063 Gray, and Christmas, explains that companies, especially retailers, won&#8217;t be able to pass on \u2064increased labor costs to consumers as easily due \u2064to slowing inflation. This could result in more job cuts rather than new positions. Jeffrey Roach, chief economist for LPL Financial, believes \u200bthat the average consumer will also notice the trend,\u200c with less customer support and longer lines expected.<\/p>\n<h3>Factors Influencing the Slowdown<\/h3>\n<p>Roach acknowledges that the U.S. experienced an\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday-2\/\" title=\"Holiday seasonal hiring expected to slow as shopping kicks off with Black Friday\">unusually robust year economically<\/a>, partly due to pent-up demand and &#8220;revenge spending&#8221; as COVID-19\u2063 restrictions eased. However, he believes this trajectory is unlikely \u200cto continue. While there are some early indicators, such as rising credit card balances and delinquencies, suggesting potential challenges, \u2062Roach emphasizes that there is still support for a soft-landing narrative.<\/p>\n<p>Another factor impacting seasonal hiring is the rise of online shopping,\u200d which was already\u200b growing before the pandemic.\u200d The convenience and attraction of online buying may lead firms to hire fewer seasonal workers. Michael Collins, interim director of the School of Resort and Hospitality Management at Florida Gulf Coast University, notes that \u2064employers will still\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday\/\" title=\"Holiday seasonal hiring expected to slow as shopping kicks off with Black Friday\">face difficulties filling open positions due<\/a> to the\u200d acute\u200d labor shortage, particularly for front-line entry-level roles.<\/p>\n<h3>Changing Shopping Habits<\/h3>\n<p>Bankrate\u2064 research reveals that holiday shoppers\u200c are \u200bstarting\u200b earlier, with \u200dhalf projected to begin shopping before the end of October \u200cand \u200da quarter even\u200b starting before the end of September. Retailers are also offering deals to encourage\u200c early \u2063shopping, shifting the focus from a single\u200c day to\u200b a season of deals. This spread-out shopping season reduces \u200dthe urgency for a massive surge in seasonal workers during a \u2063specific timeframe.<\/p>\n<h2>Record Holiday Spending Expected Despite Slower Hiring<\/h2>\n<p>Although seasonal hiring may slow \u2062down, seasonal shopping is still anticipated to \u2063reach record levels this year. The National \u200bRetail Federation\u2062 predicts a\u2064 3% to 4% increase in \u200bholiday spending compared to last year, with shoppers\u200c estimated to spend up to $966.6 billion in November\u2063 and December. This growth aligns with pre-pandemic trends, which saw an average annual holiday spending increase of 3.6% from 2010 to 2019.<\/p>\n<p>However, this year&#8217;s shopping season is\u200b expected to\u2064 be a slowdown compared to 2022&#8217;s robust 5.4% growth\u200d and\u2062 the extraordinary rebound years of 2020 and 2021, which saw holiday \u200csales rise by over 9%\u2063 and 13.5%, \u200brespectively.<\/p>\n<p>James Bailey, a professor at George Washington University&#8217;s\u200c School of Business, warns that \u2062falling below the\u2063 projected 3% to 4% increase \u200dwould be a concerning sign for the overall labor market and the state of the economy.<\/p>\n<p>Get ready for a \u200choliday season that may be different\u200d from previous years,\u200c with slower seasonal hiring but still <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jersey-elections-assembly-remains-blue-in-democratic-clean-sweep\/\" title=\"New Jersey elections: Assembly remains blue in Democratic clean sweep\">record-breaking \u2064spending<\/a>.<\/p>\n<p><em>Click here to read more from the Washington Examiner.<\/em><\/p>\n<p> <\/p>\n<h2> How might the reduction in seasonal hiring\u2062 impact job\u2062 seekers&#8217; ability to secure employment during the holiday season?<\/h2>\n<p><span>  To rely more \u200don their existing workforce and automate certain tasks, rather than\u200b hiring additional seasonal \u200cworkers. \u200cThis shift towards e-commerce has\u2063 been accelerated by the global health crisis, with \u2062more consumers opting for online shopping due to safety concerns and restrictions on in-person shopping.<\/p>\n<p>Moreover, uncertainties surrounding the COVID-19 pandemic may also be contributing to the\u2063 slowdown in seasonal\u2062 hiring. The highly contagious Delta variant has led to a resurgence in \u2063cases and renewed concerns\u2063 about public health \u200dand safety.\u200d Retailers may be hesitant to increase their workforce significantly, anticipating potential disruptions due to outbreaks and subsequent lockdowns or restrictions.<\/p>\n<p>Additionally, supply chain challenges and labor shortages are also affecting retailers&#8217; ability to\u2062 hire seasonal workers.\u2062 The global supply chain has been strained by various factors, \u2062including scarcity of shipping \u2063containers, congestion at ports, and disruptions in manufacturing. These challenges \u200dhave made it difficult for retailers\u200b to secure sufficient inventory and meet consumer demand, reducing the need \u2063for additional staffing.<\/p>\n<h3>Impact \u2063on Job Seekers and the Economy<\/h3>\n<p>The slowdown in seasonal hiring could have\u200c significant implications for job seekers, many of whom rely on these temporary positions \u200cto \u2064alleviate financial strain during the holiday season. With fewer opportunities available, competition for \u2063available jobs may intensify, making\u200d it more \u200cdifficult for individuals to secure employment.<\/p>\n<p>Moreover, the reduced hiring could \u200dalso impact consumer spending during the holiday season. The \u200dtemporary workforce plays a crucial role in supporting the increased demand for goods and services during this time. With fewer\u200b workers, retailers may struggle to meet customer needs effectively, leading to potential \u2063delays and decreased customer satisfaction.<\/p>\n<p>From an economic standpoint, the slowdown in seasonal hiring reflects a potential\u2064 cooling off of \u200bthe\u200b labor market. It suggests that businesses are exercising caution and may have less confidence in the strength\u200b of the recovery. Slower job growth could impact consumer sentiment and overall economic performance, as consumer spending accounts for a significant portion of the\u200c U.S. GDP.<\/p>\n<h3>Conclusion<\/h3>\n<p>As the holiday season approaches, expectations for seasonal hiring \u2064are lower than in previous years. Various factors, including the Federal Reserve&#8217;s policies, the rise of \u2063e-commerce, uncertainties \u2062surrounding \u2062the pandemic, supply chain challenges, and labor shortages, have contributed to the projected slowdown. Job seekers may face increased competition for temporary positions, while retailers \u2063may struggle to meet consumer demand adequately.<\/p>\n<p>The impact of\u200d the reduced seasonal hiring on \u200cthe economy \u200dremains to be seen. However, it is crucial \u200cfor businesses and policymakers to monitor the situation closely and make any necessary adjustments to support the labor market and \u2064ensure economic \u2062stability.\u2064 Ultimately, this changing landscape highlights the need for resilience, adaptability, \u200band innovation \u200cin the\u2063 retail \u200cindustry and the broader economy as \u2063we\u2062 navigate these challenging times.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seasonal hiring for the holiday season will likely be slower than last year, a potential sign that the labor market is beginning to cool off as the Federal Reserve keeps interest rates high. Retailers across the country typically load up on staff ahead of the holiday shopping season, which generally starts with Black Friday, the<\/p>\n","protected":false},"author":1,"featured_media":2101613,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2101612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2101612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2101612"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2101612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2101613"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2101612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2101612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2101612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}