{"id":2101616,"date":"2023-11-17T07:30:04","date_gmt":"2023-11-17T12:30:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday-2\/"},"modified":"2023-11-17T07:36:13","modified_gmt":"2023-11-17T12:36:13","slug":"holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/holiday-seasonal-hiring-expected-to-slow-as-shopping-kicks-off-with-black-friday-2\/","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-2%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=2101616&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 to Slow Down<\/h2>\n<p>Get ready for a different kind of holiday shopping experience this year. Seasonal hiring \u2062for the holiday season is projected to be slower than last year, indicating a potential cooling \u2062off of the labor\u200c market. As the \u200dFederal Reserve maintains \u2062high\u2063 interest rates, retailers \u2063across the country are \u200dpreparing for a less intense surge in hiring compared to previous years.<\/p>\n<p>Typically, retailers hire additional\u2064 staff ahead of the holiday shopping season, which kicks off with Black Friday and extends through December. The\u200b increase in shoppers buying gifts and groceries for holiday feasts requires more workers to\u200d handle the demand.<\/p>\n<h3>Lower Expectations\u200d for Seasonal Hiring<\/h3>\n<p>According to the National Retail Federation,\u200b employers are\u2063 expected to\u200c add between 345,000 and 445,000 seasonal workers to their payrolls,\u200b a decrease of \u200cup to 40% compared to the peak in 2021. Outplacement services firm Challenger, Gray, and Christmas predict even fewer seasonal positions, with an estimated 410,000 retail jobs added in the fourth quarter, \u200bthe \u200dlowest\u200b number since 2008.<\/p>\n<p>Andrew Challenger, head of sales and media \u200bat Challenger, Gray, and Christmas, explains that companies, especially retailers, won&#8217;t be able to pass on increased labor costs to consumers as easily due to slowing inflation. This could result in \u200dmore job \u200dcuts rather than new positions. Jeffrey Roach, chief economist for LPL Financial, \u2062believes that the\u2063 average consumer will also notice the trend, with less customer support and longer lines\u2063 expected.<\/p>\n<h3>Factors Influencing the Slowdown<\/h3>\n<p>Roach acknowledges that the U.S. experienced an unusually robust year economically, partly due to pent-up\u2064 demand and &#8220;revenge spending&#8221; as COVID-19 restrictions eased. However, \u200dhe believes this trajectory \u2062is \u2063unlikely to continue. While there are some early indicators, such as \u2062rising credit card balances and delinquencies,\u200b suggesting potential challenges, Roach emphasizes that there is still support for\u2063 a soft-landing narrative.<\/p>\n<p>Another factor impacting seasonal hiring is the rise of\u2062 online \u2062shopping,\u200c which was already\u2062 growing before the pandemic. The convenience and attraction of\u200b online\u200b buying may lead firms to hire fewer seasonal workers. Michael Collins, interim director of the \u2064School\u2063 of Resort \u2062and Hospitality Management at Florida Gulf Coast University, notes \u200dthat employers will\u200c still <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 acute labor shortage, particularly for <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\">front-line entry-level roles<\/a>.<\/p>\n<h3>Changing Shopping Patterns<\/h3>\n<p>Bankrate research reveals that holiday shoppers are starting\u200d earlier, with half projected\u200d to begin shopping\u2064 before the end of October and \u200ca \u200dquarter even starting before the \u2064end of September. Retailers are also offering deals to encourage early shopping. This shift in shopping\u2063 patterns reduces the urgency for a massive \u2064surge of seasonal workers\u200b during a specific\u200b timeframe, further contributing to the slowdown in seasonal hiring.<\/p>\n<h2>Record Holiday Spending Expected Despite Slower Hiring<\/h2>\n<p>Although seasonal hiring may be slower, holiday spending is still \u2064anticipated to \u2063reach a record high this year. The National Retail Federation predicts a 3% to 4% increase in \u200dholiday spending compared to last year, with shoppers\u2064 estimated to spend up to $966.6 \u200dbillion in November and December. \u200bThis growth aligns with pre-pandemic trends, which saw an\u200b average annual increase of 3.6% in holiday\u200d spending from 2010 to 2019.<\/p>\n<p>However, this \u200dyear&#8217;s shopping season\u200c is expected to be a slowdown compared to 2022&#8217;s robust 5.4% growth and the extraordinary rebound years of 2020 and 2021, \u200dwhich saw increases\u200b of over 9% and 13.5%, respectively.<\/p>\n<p>James\u200b Bailey, a professor \u200cat George Washington University&#8217;s School of Business, warns that falling below the projected 3% to 4% increase would be a concerning sign for the overall labor market and the state of the\u2064 economy.<\/p>\n<p>Get ready for a holiday season that may be different from previous years, with slower seasonal hiring \u2063but still anticipated record-breaking spending.<\/p>\n<p><em>Click here to read more from \u200dthe Washington Examiner.<\/em><\/p>\n<p> <\/p>\n<h2> \u2063What\u200c challenges could retailers face as a result \u2062of the projected slowdown in seasonal \u2063hiring, particularly in terms\u200c of managing the holiday rush with \u200blimited staff?<\/h2>\n<p><span>  To fewer people visiting brick-and-mortar stores, \u200dultimately resulting in a reduced need for seasonal\u2063 employees. With the ongoing \u2063threat of \u200dthe Delta variant and the possibility\u200c of further restrictions, consumers may \u200dopt to shop online for their holiday needs instead \u200cof \u2062risking exposure in crowded\u200d stores.<\/p>\n<p>In addition, \u2064the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carjacking-suspect-sought-2-teens-16-arrested\/\" title=\"Police are searching for a carjacking suspect while two 16-year-old teens have been arrested.\">supply chain\u2062 disruptions<\/a> and labor shortages that have plagued\u200c various industries\u2064 this year could \u2064also\u200d contribute to the\u2062 slowdown in seasonal hiring. Retailers may struggle to maintain sufficient \u200dinventory \u200ddue to production \u2064delays and shipping challenges, limiting the\u200c need for additional workers.<\/p>\n<h3>Implications \u2063for Job Seekers and Retailers<\/h3>\n<p>The \u200cprojected slowdown in seasonal hiring has \u2064implications not only for job seekers but also\u200c for retailers themselves. Job seekers who rely\u2062 on seasonal\u200c employment \u2064for\u200d added income during the \u2063holiday season may find it more\u2062 challenging to secure temporary \u200dpositions. With fewer \u2063job openings\u200d available, competition may be fierce,\u200c and candidates will \u200cneed to stand out to \u200bbe\u200d considered for these \u200climited opportunities.<\/p>\n<p>For retailers,\u2063 the decrease in seasonal hiring could mean a \u200bpotential strain on existing staff. The surge in holiday shoppers and increased demand for \u2062customer service\u2064 could stretch existing resources, \u2064leading\u2062 to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-democrats-okay-budget-resolution-fuels-spending-concerns\/\" title=\"Senate Democrats okay budget resolution, fuels spending concerns\">longer wait times<\/a> and diminished customer satisfaction.\u200d Retailers may\u2063 need to find creative solutions to manage \u2063the holiday rush\u2063 with limited staff, \u2062such as \u200bleveraging \u2063technology\u200d or optimizing scheduling practices.<\/p>\n<h3>Conclusion<\/h3>\n<p>The anticipated \u2063slowdown in seasonal hiring for the holiday season suggests a shift in the\u2062 labor market&#8217;s\u200b dynamics. Factors such as inflation concerns, the rise of online \u200cshopping, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/employment-growth-crushes-expectations-with-336000-jobs-added-in-september\/\" title=\"Surprising employment growth: 336,000 jobs added in September.\">supply chain\u200c disruptions<\/a>, and labor shortages all contribute to \u200bthis trend. Job seekers may face increased competition for limited seasonal positions, while retailers may need to find innovative ways to manage the holiday rush. \u2062As the\u200c holiday \u200dseason approaches, it will be interesting \u200cto observe how \u200dthese changes impact the shopping\u2064 experience and the\u200b overall economy.<\/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":2101617,"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-2101616","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\/2101616","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=2101616"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2101616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2101617"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2101616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2101616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2101616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}