Walmart is taking a cautious approach to the holiday shopping season as retailers face a slowdown in consumer spending overall due to surging costs on things like rent and food.
FILE - Christmas sweaters are seen in Walmart on Thanksgiving night ahead of Black Friday on November 28, 2019. is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers.
A year ago, the Bentonville, Arkansas-based chain announced that it was looking to hire roughly 150,000 new U.S. store workers, most of them permanent, full-time positions. Last fall, it also said it was planning to hire 20,000 permanent workers for its distribution and fulfillment centers, as the pandemic created big disruptions at various points in retailers' supply chain networks.as shoppers face surging costs in daily necessities including rent and food.
The job market has slowed but still strong. Employers added 315,000 jobs in August, about what economists had expected, down from an average 487,000 a month over the past year, according to a government report earlier this month.
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