Retailers Cut Nearly 40,000 Jobs Last Month in Negative Sign for Holiday Spending

by Aegidius25

9 comments
  1. Nonono this can’t be true. Everything is really good and bad news is just doomsayers over exaggeratin.

  2. I am just watching big incentives and subsidized interest loans by car manufacturers.

    Yeah, something is simmering. Will it boil over or will it just “forth” a little? That is the million dollar question.

  3. >Retail trade employment fell by 38,400 jobs in November, according to the Bureau of Labor Statistics. Department stores lost the most jobs, down 19,000, followed by furniture, electronics, and appliance retailers.

    >For one, consumers are doing more of their holiday shopping online, so retailers are scaling back on hiring in-store personnel, Frankiewicz said. Usually, that would mean that hiring in logistics and delivery would increase, she added. But since the labor market has been remarkably unusual in the last couple of years, employment in transportation and logistics shed 5,000 jobs in November, following a 12,400 decline in October.

    The second half does stand out, unless automation is becoming common.

    I’m sure most people have been shopping online while stores have had sales for months, why do stores need more workers? Christmas decorations were already stocked in October in most stores as well.

  4. Stupid misleading headline. US consumers are buying online, more than ever.

    [Consumers Increase Their Holiday Spending Intentions Mid-Season](https://news.gallup.com/poll/545450/consumers-increase-holiday-spending-intentions-mid-season.aspx)

    >The total amount Americans estimate they’ll spend on Christmas or other holiday gifts this year averages $975 in Gallup’s final 2023 reading, taken in November. This exceeds consumers’ holiday spending estimate from a year ago by more than $100 and is ***the highest in Gallup’s November measures historically since 1999***.

  5. I thought unemployment numbers were good, economy is strong and whatever

  6. when the apocalypse comes retail workers and starbucks baristas will be the most deadly. they’ve got hell to unleash

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