Retailers' holiday hiring to hit lowest level since the Great Recession, says major industry trade group
1. Retailers expect hiring of 265,000 to 365,000 seasonal workers this year. 2. Layoff announcements surged to 153,074 in October, highest since 2003. 3. NRF predicts record holiday spending of $1.1 trillion to $1.2 trillion. 4. Consumer spending remains strong despite economic uncertainties and inflation. 5. Slow hiring reflects uncertainty in the labor market and economic outlook.