As the winter holiday season heats up, the seasonal job market appears to be reflecting the regular job market’s current tension, with too many people applying to too few open positions.
Searches for seasonal jobs jumped 33% in September compared the previous year, according to an Indeed study published earlier this month. But employer demand for seasonal workers dropped 8.2% in the same time period, meaning more workers could be competing for fewer roles.
“That’s going to impact the bargaining power that workers have this holiday season,” Cory Stahle, an economist at Indeed’s Hiring Lab, tells CNBC Make It.
Despite fewer job postings this year compared to 2021, Indeed still found more seasonal job listings than in 2019 and 2020. Since many seasonal positions are in-person jobs, 2021 could have seen employers overcompensating to catch up from cuts during the 2020 holiday season, Stahle says.
www.cnbc.com/2022/10/27/walmart-hiring-fewer-seasonal-workers-as-more-people-look-for-jobs.html