Uncertainty over the economy and tariffs forces many retailers to be cautious on holiday hiring
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Uncertainty over the economy and tariffs forces many retailers to be cautious on holiday hiring
"NEW YORK (AP) - Uncertainty over the economy and tariffs is forcing retailers to pull back or delay plans to hire seasonal workers who pack orders at distribution centers, serve shoppers at stores and build holiday displays during the most important selling season of the year. American Christmas LLC, which creates elaborate holiday installations for commercial properties such as New York's Rockefeller Center and Radio City Music Hall, plans to hire 220 temporary workers and is ramping up recruitment nearly two months later than usual, CEO Dan Casterella said."
"Holiday hiring could fall to the lowest level since 2009 Job placement firm Challenger, Gray & Christmas forecasts hiring for the last three months of the year will likely fall under 500,000 positions. That's fewer than last year's 543,000 level and also marks the smallest seasonal gain in 16 years when retailers hired 495,800 temporary workers, the firm said. The average seasonal gain since 2005 has been 653,363 workers, the firm said."
Economic uncertainty and tariff increases are causing retailers and fulfillment firms to pull back or postpone seasonal hiring for distribution centers, stores, and holiday installations. American Christmas LLC plans to hire 220 temporary workers, down from 300 last year, and delayed recruitment to offset a tariff bill expected to reach $1.5 million. Challenger, Gray & Christmas forecasts seasonal hiring for the last three months will fall under 500,000 positions, marking the smallest seasonal gain in 16 years and near the 2009 low. Radial plans 6,500 hires, below last year's 7,000, while Bath & Body Works expects 32,000 hires.
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