Seasonal Retail Hiring Strength

Happy Friday, y’all. Calculated Risk provided a great rundown of today’s jobless report. The part that stands out the most to me is the following:

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“According to the BLS employment report, retailers hired seasonal workers in October at the highest level since 1999.”

This appears to be great news in the face of continuing deterioration of consumer confidence. Hopefully this seasonal hiring and the holiday spirit will reverse course for the consumer and provide our economy with a nice 4th quarter spark.

If you’re listening, Santa, why don’t you stuff a little bit of extra GDP growth for the US in that sack of yours.

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