What happened: Seasonal hiring in the US is expected to fall to its lowest point since 2008, reflecting increased caution among businesses. Factors such as tariffs and consumer uncertainty are influencing this trend.
Why it matters:
- Reduced seasonal jobs affect workers seeking temporary employment during holidays.
- Businesses are signalling concerns about economic conditions and consumer spending.
MNN Take: The drop in seasonal hiring indicates that companies are preparing for potential economic challenges by limiting short-term labour costs.
Sources: BBC Business