- Motolotov cocktail thrown a Brooklyn mini-mart
- 3 Americans dead in shooting at Kabul hospital by Afghan guard
- Running on empty: EPA slashes biofuel goals because of ethanol shortage
- ‘Gay Jeans’ that fade into rainbow-colored denim created
- Divided court strikes down big porn award
- Jimmy Carter: Don’t hurt Russian people with sanctions
- Oldest ex-MLB player dies in Cuba, 2 days shy of 103rd birthday
- ‘Top Gun’ for drones: Squadrons of carrier-based killers have Navy’s approval
- Bill Clinton to endorse Charlie Rangel for re-election
- Pfc. Bradley Manning is now Pfc. Chelsea Manning: Court says so
Retail holiday hiring season comes late
Cash-strapped consumers worried about their jobs have caused retailers to put holiday hiring decisions on hold while they watch for signs of life from shoppers.
The reluctance of retailers to hire even temporary employees for the holidays is contributing to the monumental problems of unemployed people trying to find work.
The number of job openings nationwide fell to a nine-year low in August, according to the Labor Department. The 2.39 million jobs that were available is down by half from a peak set in July 2007.
“Retailers used to do much more hiring at the beginning of October,” said John A. Challenger, chief executive officerof Challenger, Gray & Christmas Inc., a human resources consulting firm. “This year, retailers are holding back hiring until they see the people in the stores, so the hiring surge may come later than normal.”
The collapse in the job market, in a vicious circle, has made consumers reluctant to spend, which leads to even less hiring by retailers and the chain of wholesalers, importers, truckers and other businesses that feed into retail.
A slight thawing of retail sales seen in August and September did little to change the picture. The National Retail Federation (NRF) continues to forecast a 1 percent decline in Christmas sales this year.
“Retail sales are rising — but not enough to trigger the hiring of additional employees,” said William C. Dunkelberg, chief economist at the National Federation of Independent Business.
Retailers added 384,300 jobs from October through December last year — roughly half the 720,800 retail hires from the comparable period in 2007, according to the Bureau of Labor Statistics.
“Holiday hiring might improve, slightly, over last year, but only because 2008 saw the lowest seasonal employment growth in nearly 20 years,” Mr. Challenger said. “With millions of Americans out of work and many more simply cutting back, few retailers will take the risk of eating into slim profits with extra workers.”
A broad range of people apply for seasonal retail jobs, said Daniel Butler, vice president of retail operations for the NRF. “Seasonal hires are usually people who work full time and are looking to supplement their income,” he said, suggesting that they, too, could be affected by a squeeze in hiring.
Nearly 8 million Americans have lost their jobs as the economy struggles to emerge from the longest, deepest recession since the Great Depression. The nation shed another 263,000 jobs in September as the unemployment rate hit a 26-year high of 9.8 percent.
The most disadvantaged groups, teenagers and blacks, are being hit the hardest in the recession: More than one in four teens are unemployed, while more than 15 percent of blacks have been unable to find work.
It is women, however, who may be the biggest casualties of the holiday hiring season.
“Women tend to take on these jobs in stores more often than men,” Mr. Challenger said. “Women will be disproportionately affected.”
Some stores bore out predictions of another dismal holiday hiring season. Toys R Us plans to hire about 35,000 seasonal employees this year, the same as the past two holiday seasons, company officials said.
TWT Video Picks
By Andrew P. Napolitano
Obama's veil of secrecy is pierced
- Pentagon plans to replace flight crews with 'full-time' robots
- 'Top Gun' for drones: Squadrons of carrier-based killers have Navy's approval
- Texas is next! AG warns BLM wants 90,000 acres after Bundy ranch standoff
- America is an oligarchy, not a democracy or republic, university study finds
- Nevada rancher Cliven Bundy hailed as patriot, ripped as lawless deadbeat
- Obama avoids 'red line' for China, prepared to impose tougher sanctions on Russia
- CURL: Obama's foreign policy even worse than his domestic policy
- Ukraine claims torture by pro-Russian forces on the heels of Biden's stern warning to Moscow
- Sold out: Ukraine's leadership swapped best military weapons for cash
- Jimmy Carter: Dont hurt Russian people with sanctions
Top 10 handguns in the U.S.
Celebrity deaths in 2014