Hol­i­day sea­son­al hir­ing expect­ed to slow as shop­ping kicks off with Black Fri­day

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 day after Thanks­giv­ing, and runs through the end of Decem­ber. More work­ers are need­ed to han­dle the uptick in peo­ple pur­chas­ing goods for presents and gro­ceries for hol­i­day feasts.
CUSTOMERS SURPRISED TO DISCOVER THEIR RENTAL IS AN ELECTRIC VEHICLE
But the remain­der of 2023 is expect­ed to see less of a surge in hir­ing than the past cou­ple of years, which were fueled by a boom in demand as the coun­try emerged from the COVID-19 pan­dem­ic. The Nation­al Retail Fed­er­a­tion expects employ­ers to add between 345,000 and 445,000 sea­son­al work­ers to their pay­rolls — that is as much as 40% low­er than the recent peak in 2021.
Addi­tion­al­ly, out­place­ment ser­vices firm Chal­lenger, Gray, and Christ­mas pre­dicts retai …