More than 943,000 U.S.-based companies have announced plans to hire seasonal workers this year. That’s up 11% from last year. But workers are hardly jumping at these opportunities. Retail seasonal hiring was down 9% last month compared to last October.
Employers across the board are having trouble filling open jobs. Many feel it’s a just matter of time before some 7.4 million unemployed Americans return to work — especially now that children above the age of five can get vaccinated against COVID-19.“Seasonal transportation and warehousing hiring was down 17% last month compared to last October”
“Clearly, companies are gearing up for high demand this holiday season, but the worker shortage will complicate matters,” said Andrew Challenger, senior vice president at Challenger, Gray & Christmas. Some shoppers appear extra eager to hit stores this holiday season. One recent survey by MassMutual found that Americans are optimistic about their finances and plan to spend more than $1,200 on average on holiday-related purchases, and the National Retail Federation forecasts a record high holiday shopping season.
“Even if there weren’t issues in the general supply chain this holiday season, the worker supply shortage too will mean longer wait times and unstocked shelves,” Challenger said.
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