This week’s data deluge from the labor market has turned in a solid (though not spectacular) report card thus far: Hires, quits, and layoffs haven’t changed much, and unemployment claims ticked down.
However, seasonal work is struggling to keep up. According to new data out today from Challenger, Gray & Christmas, announcements of seasonal hiring plans are muted so far this year — down 23% from this time last year.
Although it may seem early to think about holiday hiring, Cory Stahle, a senior economist with the Indeed Hiring Lab, said it’s really not.
“We do start seeing employers ramping up seasonal hiring in August and in September,” Stahle said.
He said that according to postings on Indeed, August was a strong month for seasonal jobs.
“But what's interesting is we moved into September, and it kind of came down more in line with what we saw in 2025,” he said.
Yet he noted that the number of people who are looking for seasonal work is rising.
“We're seeing that very clearly over the last two or three years,” he said, “the number of job seekers looking for these types of jobs have continued to grow, but the job postings, at best, have remained within a range around the previous year.”
It’s still early to know how this holiday season will go. But what could this mean for the rest of the labor market as we head into the year’s busiest shopping season? David Swartz, a senior equity analyst at Morningstar, said that there are some early indications that hiring in retail might be slower as well. |