A report shows that this year's seasonal hiring announcements have been delayed, and Americans are splurging less.
Companies are expected to add about 410,000 seasonal jobs this year, but that's about 100,000 less than they added last year and the lowest number since 2008, according to an estimate report by the outplacement firm Challenger, Gray & Christmas.
“With inflation slowing, companies, particularly Retailers, won’t be able to pass increased labor costs to the consumer as easily," said Andrew Challenger, SVP at Challenger, Gray & Christmas."This could lead to more cuts, rather than more added positions, as evidenced by the increase in job cuts in this sector."
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