This holiday season Kohl’s (NYSE:KSS) expects it will hire 40,000 seasonal workers, jumping 5% from last year. “Retailers are already decking their halls with holiday décor, but workers who want seasonal jobs should keep their cheer in check: Hiring will be tepid, new surveys show,” according to USA Today.
As the holiday season nears, Best Buy (NYSE:BBY) announced that it will hire just 15,000 seasonal employees this year versus last year’s 29,000. Best Buy is not the only one to deliver bad news for the U.S. economy, as a quarter of companies surveyed by the Hay Group plan to hire fewer seasonal workers this year than last.
Kohl’s (NYSE:KSS) stock is up 1.32% to $48.37 on the news. Shares are down 11.8% year to date. The stock has traded in a 52-week range between $42.14 and $58.00.