logo

Stores See Surge In Applicants For Holiday Help; DHL Firings Devastates Ohio Town
By: TraderMark   Wednesday, November 12, 2008 10:13 AM

Vote for next session
The next market session will close:

No surprises here, but quite sad overall. '79-'81 Redux.
  • The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It's one out of every 45.
  • Don't think the chances are any better at 7-Eleven. One California store received more than 100 applicants in a week and a half for jobs that pay $8.50 per hour -- and the retailer doesn't even usually hire holiday workers.
  • From department stores and convenience chains to call centers, managers who only a year ago had to scramble to fill holiday jobs are seeing a surge in the number of seasoned applicants -- many of them laid off in other sectors and desperate for a way to pay the bills.
  • The flood of jobseekers comes even as the retail industry drastically cuts back on holiday hiring because of the drop-off in consumer spending, and the applicants -- who differ from the usual pool, teens or stay-at-home moms looking for extra spending money -- reflect the nation's fast-deteriorating job market.
  • At UPS Inc., which is just starting to ramp up its holiday hiring, as much as 30 percent of the seasonal hires in the Northeast are coming from the ranks of the recently laid off, said spokeswoman Ronna Charles Branch. In the past, she said, applicants for holiday jobs at the world's biggest shipping carrier were largely students.
  • Jean Telfort, a 41-year-old Army veteran, has applied for dozens of part-time jobs, including at Macy's and Nordstrom Inc., with no success. He needs money to help pay the rent and to pay down his $60,000 credit card bill, which includes his college tuition charges. (again I think foreign readers just have no idea the burden college costs have become in the United States - sets some people back a decade from graduation to pay these off - but that's ok - socialism is bad.

Next Page >>12

(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
Advertisement
Popular Articles
Related Press Releases
Advertisement
Partner Center
Recent Articles by TraderMark



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia