Big News From Amazon!

(Reuters) - Amazon.com Inc (AMZN.O) said it would hire 120,000 workers in the United States this holiday season, same as last year, joining a list of U.S. retailers cautious about their hiring plans amid an improving job market.

Shoppers this year will shell out more on holiday gifting, according to industry surveys, buoyed by a labor market that is churning out more jobs every month, rising home prices and stock markets hovering at record highs.

Unemployment rates fell to a more than 16-1/2-year low of 4.2 percent and annual wage growth accelerated to 2.9 percent in September, suggesting that retailers are wary of hiring more seasonal workers as it could boost labor costs.


Read more @ (Link: www.reuters.com)

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Posted Friday, October 13, 2017

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