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Amazon Plans to Hire 250,000 Seasonal Workers Ahead of Holiday Shopping Season
AmazonAmazon(US:AMZN) GuruFocusยท2024-10-03 11:50

Group 1: Amazon's Hiring Plans - Amazon plans to recruit around 250,000 workers in the U.S. for the holiday shopping season, maintaining the same level as last year, indicating expectations of steady demand in its largest market [1] - Amazon will increase the hourly wage for 800,000 U.S. transportation and warehouse workers by at least $1.5, raising the total to over $22 per hour [1] Group 2: Retail Job Market Trends - Retailers are projected to add 520,000 jobs in the last quarter of the year, representing an 8% decrease from 2023 due to a softening labor market and economic conditions [1] - Target announced plans to hire approximately 100,000 seasonal workers, similar to the previous year [1] Group 3: E-commerce Spending Forecast - Adobe forecasts that U.S. consumers will spend approximately $240.8 billion during November and December, marking an 8.4% increase from the prior year [2]