Retailers' Seasonal Hiring Plans Signal a Cooling Labor Market

Contributing sentiments towards policy:

57% : "After paring their work forces during the worst of the pandemic, employers in the retail and hospitality industries scrambled to fill open positions as workers sought more flexibility, switched companies frequently or stood on the sidelines.
56% : Companies helping businesses find temporary workers note that major retailers have been slower to release hiring plans this year.
47% : Many retailers have dropped the incentives they used over the past few years to bring workers in the doors, such as signing or referral bonuses and steeper employee discounts.
46% : "I really do think this is emblematic broadly of what we're seeing in the U.S. labor market, where demand for workers overall is fairly strong but down from where it was in the last year and a half.
44% : Target and United Parcel Service plan to hire the same number of workers as last year, about 100,000 each.

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