Amid a continued tight labor market, holiday help appears to be less in demand this year due to the souring economy.
Retailers added 162,000 workers in October, down 28 percent from October 2021, according to an analysis of Bureau of Labor Statistics (BLS) data by Challenger, Gray & Christmas.
Challenger further found that, as of the first week of November, companies had announced plans for 592,400 hires for the holiday season, a 37 percent decrease versus last year.
