Cooling job market doesn't take the heat off the holiday hiring spree

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Cooling job market doesn't take the heat off the holiday hiring spree
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Despite headlines of mass layoffs in corporate America and fears of recession, retailers and shippers continue to battle for employees ahead of what they expect to be a record holiday shopping season.

“It still is a very, very tough hiring environment, especially in states and cities with very low unemployment rates,” said Julia Pollak, chief economist at ZipRecruiter. “Employers tell us that they are still really struggling to find qualified candidates and to find motivated willing candidates. So, even when they sign candidates, they’re very worried about ghosting, that people won’t show up on day one, because people have so many alternatives and are taking the best offer that they get.

“The labor market is a real conundrum for employers and is one of the reasons consumers have behaved in such a resilient way because wages are increasing and there’s pressure on the market, and that keeps people spending,” Matt Shay, president of the retail federation, said in a call with reporters earlier this month.

For UPS, which is hiring 100,000 seasonal workers again this holiday season, it remains a war for candidates. The company is on track to meet its hiring goal, but some regions remain particularly difficult to find workers, such as Minneapolis, parts of New England like Cape Cod, Denver and the surrounding mountain communities.

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