Hiring numbers signal happy holiday season

Retailers are looking to bring more workers on board this winter.

By InvestorPlace Sep 24, 2012 10:48AM
Stockdisc SuperStockBy Alyssa Oursler

iplogoAs the holidays roll around, many people's Christmas wishlists are short and sweet: All they want are jobs.

Unemployment, of course, is still sitting above 8%, and countless companies -- including AMR Corp (AAMRQ), Hewlett-Packard (HPQ) and Bank of America (BAC) -- have served up some big lay-offs.

The good news is that the next few months make for the most wonderful time of the year for retailers -- and that means good news for job hunters as well.

Wal-Mart (WMT), for example, just announced that it will hire slightly more seasonal workers than it did last year -- nearly 50,000.

Fellow big-box retailer Target's (TGT) hiring goal is slightly lower than it was last year, but the company says that's because many employees it hired last year were kept around as year-round workers.

Smaller retailer Kohl's (KSS) plans to increase hiring by about 10% to around 50,000 as well.

The promising seasonal jobs prospects come thanks to a promising outlook for the holiday season overall. Stores wouldn't be bringing in more workers if they weren't expecting more traffic and sales.

Retail is already on a roll heading into winter, thanks to a solid second-quarter rally. On top of that, the shopping period is a whopping 32 days this year, with two extra weekends.

And the effect goes full circle. The high demand leads to higher hiring numbers, which means cash in more people's hands and thus increased demand overall.

Keep an eye out for such a snowball effect in the coming months -- and the strong retail sector that could result.

As of this writing, Alyssa Oursler did not own a position in any of the aforementioned companies.

More from InvestorPlace
1Comment
Sep 24, 2012 11:18AM
avatar
Sad state of affairs when the press focuses on the creation and then loss of low paying temp jobs.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

109
109 rated 1
276
276 rated 2
421
421 rated 3
629
629 rated 4
511
511 rated 5
538
538 rated 6
686
686 rated 7
507
507 rated 8
331
331 rated 9
109
109 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
UPLULTRA PETROLEUM Corp10
TAT&T Inc9
COPCONOCOPHILLIPS9
DVNDEVON ENERGY CORPORATION9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.