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The holiday hiring landscape is currently experiencing a notable shift, suggesting a broader change in the job market. As we enter this holiday season, the demand for seasonal staff, which used to be a key focus for businesses, has noticeably decreased. This trend is evident in the National Retail Federation’s estimate of a reduction of up to 40% in seasonal hires compared to the peak in 2021.
This isn’t just about numbers; it reflects a labor market that is gradually cooling down. Major companies like Macy’s, Target, and United Parcel Service, known for boosting their staff for the holiday rush,