While retailers are preparing for the busiest season of the year, the industry, alongside the overall labor force, appears to be reducing its workforce compared to a year ago. According to Challenger, Gray & Christmas’ report, U.S. employers eliminated 36,836 jobs in October, down 22% from the previous cuts announced in September but 9% higher than a year ago.
Retail hiring has been slowing in recent months, other reports suggest. According to talent acquisition technology firm iCIMS, retail hiring and job openings in September dipped 12% and 25% respectively, but job applications jumped 46% from last year.
