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Holiday Hiring, New Year Firing?

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  • Description

    FBN's Liz MacDonald breaks down the retail hiring hype.

  • Duration 1:22
  • Date

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I -- you got major retailers announce a big holiday hiring plans but it darker story lurks behind those numbers Elizabeth MacDonald is here with -- -- -- Yeah let's go to -- arrays of mirror of in this one we do -- holiday sales growth expectations.

Rising about more than 4%.

Vs last year that's beating the ten year average in retail -- growth expected this Christmas shopping season.

-- but it's still low lowest since we've seen since 2009 so parents here's what we're seeing.

Holiday -- hiring at big retailers are ramping up their temporary hiring you -- target up to 90000.

Workers temporary workers -- 80000.

All -- data Toys -- Us about 45000.

Temporary workers hired but here's the deal.

They retailers are basically doing they re gaining of the job cuts that they did.

During -- downturn and this is cheaper holiday hiring look at the layoffs -- gonna see holiday hiring new year firing retail layoffs come big time.

Kind January 1 so yet challenger gray and Christmas -- saying.

700000.

Temp workers -- to this holiday season that looks great -- 660000.

Temp workers hired.

In the 2011.

Christmas shopping season -- watch out those layoffs could come in January.

And this -- also artificially given nice bump to the job numbers in coming weeks back to you guys.

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