Chart of the Day — Seasonal Retail Hiring

 economy, spending  Tagged with: ,
Nov 062009
 

How Can There Be A Recovery

This morning unemployment was reported at 10.2%. U6, a better government measure, measures it over 17%. Below is a chart that shows holiday seasonal hiring. Each bar represents hiring for October-December of each year. Blue represents October, Red: November and Green: December. The drop-off in October 2008 was striking. October hiring this year was no better than last year. Looks like retailers are expecting a very bad Christmas selling season, despite the “recovery” talk coming out of Washington.

A full analysis of employment and a better copy of this graph can be obtained from Calculated Risk.

RetailHiringOct

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