Some good news. With the projections of marginal increase in holiday sales this season (increase of about 2% this year, totaling around $852 billion during the November through January period), Retailers are likely to hire more temps this holiday season.
Retailers are expected to hire more seasonal workers this year, increasing their payrolls by up to 600,000 jobs during the holiday months.
The bad news is, they're still not ramping up their payrolls to pre-recession levels, outplacement firm Challenger, Gray & Christmas Inc. said in its latest holiday hiring forecast released Monday.
"Retailers do not want to be caught with too many workers at a time when many of the fundamentals needed for strong consumer spending remain a little shaky," John A. Challenger, chief executive officer of Challenger, Gray & Christmas said in a release.
Before the recession began, retailers hired 720,000 workers during the 2007 holiday season. And in 1999 that number was near 850,000.