Seasonal retail hiring is projected to decrease substantially, reaching the lowest level since 2009. This decline is attributed to a broader economic climate, with consumer spending patterns being a primary concern. The report emphasizes the holiday shopping season as a critical indicator of economic health and anticipates potential difficulties within the retail sector. Historical data reveals a consistent pattern of decreased hiring across various retail segments. The situation is being analyzed for its potential influence on the upcoming holiday season.
Credits: US Top News and Analysis
