What Do Temporary Holiday Hires Mean About Economy?

Rebecca Jarvis discusses the first announcements from America's big retailers about holiday hiring.
1:09 | 09/25/13

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Transcript for What Do Temporary Holiday Hires Mean About Economy?
Now, to the first sign of what jobs are out this holiday season. The first announcements from america's big retailers are in. And rebecca jarvis is here with who is hiring and how many and what it says about the strength of our economy. Reporter: It says a number of things about the strength of our economy. We're learning which companies are adding temporary workers this holiday. And how many jobs they'll be adding. With the bulk of hiring happening in october. So, if you're looking for a temporary job, now is the time to get those applications in. Some of the big names adding now, walmart, kohl's, target, jcpenney and toys "r" us. Walmart is hiring about 55,000 seasonal workers. That's 5,000 more jobs than last year. But target is hiring 70,000 workers. That's a pretty big number, yes? But it's a 20% drop from a year ago. So, when you add it all up, what does it say about where we are right now? It says these companies are learned to do more with less. We see it on the shelves. We see less inventory in many cases. And also seeing it in the stores. Fewer people working because more people are shopping online.

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