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Retailers tighten seasonal hiring plans (The New York Times)

October 13, 2023

Retailers are taking a cautious approach when it comes hiring for the holiday season, and many have dropped incentives they used over the past few years to attract temporary help, such as signing or referral bonuses and steeper employee discounts, The New York Times reported. Some economists and consultants see the trends in hiring and pay as a sign that the red-hot labor market of the past couple of years has cooled.