In an article posted by The Hill, the seasonal job market is discussed. Each year, job seekers look towards the holiday season for extra work. Unfortunately, this article discusses how projections for this years seasonal job market aren’t expected to surpass last year’s. Since consumer spending has not increased this year, the seasonal job gains will stay the same or possibly decrease.
According to the annual holiday hiring forecast by global outplacement consultancy Challenger, Gray & Christmas, last year employment increased by 627,600 from October to December. Although this sounds grim, retail owners are hoping that the lack of spending means that consumers are saving up for the holiday season. If that’s the case, spending may increase this year. Even still, the article states that about ’25 percent of retailers said they plan to reduce the number of seasonal hires.’
Before the recession, 720,000 extra seasonal workers were added for the holiday season, the last three months of the year.
SOURCE: The Hill