Retailers Cautious on Holiday Hiring as Sales Growth Slows, Walmart Says It's 'Staffed and Ready' While Amazon Still Plans Major Seasonal Hiring
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Walmart says it is "staffed and ready" for the holidays and will add workers only as needed, a sign retailers fear slower holiday sales.
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Rising labor costs are making retailers cautious about hiring large numbers of seasonal staff.
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Overall holiday hiring by U.S. retailers is expected to drop to 2008 levels.
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Job applications are up 46% but actual hiring is down 12% amid lower job openings.
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Unlike Walmart, Amazon still plans to hire 250,000 seasonal workers in the U.S.
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