Holidays hike retail hiring by 646,000 jobs, card spending by $584 billion

Windsor Genova – AHN News News Writer

Chicago, IL, United States (AHN) – Retail employment grew nearly 29 percent during the last quarter of 2010 as the sector added 646,300 new jobs while holiday shoppers spent $584 billion.

The Bureau of Labor Statistics reported Monday that the new hirings from October to December were 144,900 more than in the same quarter last year when 501,400 net new jobs were created.

Global outplacement consultancy Challenger, Gray & Christmas, Inc., reported that October hirings were the heaviest for the month since 2006, with 146,800 new positions created, while December’s 181,900 employment was the largest for the same month since 2005.

Challenger attributed the rise in employment to the positive holiday sales of retailers.

Holiday sales increased 5.5 percent from last year, according to the most recent MasterCard Advisors’ SpendingPulse report. Holiday shoppers spent $584 billion, nearly $10 billion more than before the recession, the report said.

If consumer spending persists into the new year, the temporary seasonal workers may be hired permanently, said Challenger CEO John A. Challenger.

Article © AHN – All Rights Reserved

View full post on Labor Stories

Both comments and pings are currently closed.




You may also be Interested:
  • Discover How Online Scholarship Scams Cheat Your Money

    Most students who are planning to go to college will try to win a scholarship to fund their study. There are so many students are competing to win those scholarship dollars, scholarship scams have become a booming business. These fraudulent programs do their best to imitate legitimate scholarship programs sponsored by government agencies, charitable foundations, [...]



  • 3 Things to Keep in Mind During Scholarship Applications

    Each year, thousands of students compete for scholarships to fund their college education. It is common for students with similar academic and extra-curricular records to compete for the same scholarship award. Unless a scholarship has requirements that qualify a very small group in the population, trying to get a scholarship can be difficult or frustrating. [...]



  • Using a Scholarship Search to Fund a College Education

    Finding ways to raise enough money for college is important, whether you are a high school senior or an adult getting ready to go back to college for more education. The cost of college has never been higher than today, and the high prices are making it more difficult to afford going to college. Today, [...]



  • Japan Quake and Portugal Concerns Hit Global Stocks

    Global stocks fell to their lowest in nearly six weeks on Friday and government bonds rose as a huge earthquake in Japan and expectations Portugal will have to seek financial aid prompted a sell-off … View full post on All Stories



  • Washington Journal for Saturday, June 4

    7:10am – Phoner: J. Andrew Curliss, News & Observer, Reporter 7:45am – Keven Hall, McClatchy Newspapers, National Economics Correspondent 8:30am – Justin Hyde, Jalopnik.com, Features Editor 9:15am – Justin Draeger, National Association of Student Financial Aid Administrators, President & CEO View full post on All Stories



Comments are closed.

Powered by Yahoo! Answers