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Walmart not hiring big for holiday season

Photo by istock.com

September 23, 2022

Walmart will hire on about 40,000 seasonal employees this year, compared to 150,000 it hired for last year's big retail sales time.

The move may reflect the slowdown in consumer shopping given higher prices at the grocery store as well as cost of living expenses such as utilities, according to a Wall Street Journal report.

The news comes on the heels of a report claiming a hefty number of consumers, 73%, are paying closer attention to how much they're spending on gifts this year compared to last year, and 73% expect prices will increase by the holiday season.

Yet U.S. retail sales increased in August by 0.3% with consumers spending more on clothing, vehicles and groceries.