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Retailers to cut back on holiday hiring



Americans looking to work in retail during the holiday season may be out of luck. According a report by The Wall Street Journal, about 40% of the nation's biggest retailers said they expect to hire fewer workers for the season than they did last year.


The holidays normally provide a boost in retail jobs, and with the retail industry losing 850,000 jobs sine November 2007, the cutbacks in seasonal employment is another hurtful blow to retailers, The Journal reported. The newspaper's report added that about 700,000 temporary positions are created for the holiday season, and if that number is cut by 10% to 20%, it would mean a potential loss of more than 100,000 jobs for this year.

Click here to read more from The Wall Stree Journal. 

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