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US Employers Expected to Hire Fewer Seasonal Workers

  • #Economic conditions & trends
  • #United States of America
  • #Finance
US Employers Expected to Hire Fewer Seasonal Workers
story
NOV 2023
Image copyright: Unsplash
story last updated FEB 2024

The Spin

Republican narrative

The Biden administration and Democrats' slow-grind strategy for bringing inflation down is going to spoil consumers’ holiday shopping. High-interest rates are already tightening people's spending budgets, and now consumers are going to face less assistance and longer lines in stores because of the slowdown in hiring.

Washington Examiner

Democratic narrative

The Biden administration's approach to cooling inflation and bringing the economy back is working, as evidenced by employment in the retail industry and sales growth staying steady all year. If anything, Republicans' refusal to go along with the president's plans for student loan forgiveness is responsible for hurting spending. With student loan payments back on, consumers are less likely to spend on purchases.

Pennsylvania Capital

Metaculus Prediction


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