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American retailers are set to hire the lowest level of seasonal holiday workers in 15 years.Thats according to an article聽Friday Sept. 15 by Reuters, citing a report by employment service聽Challenger, Gray Christmas聽 CGC provided exclusively to the news outlet.The report shows stores planning to add just 410,000 seasonal jobs this year, and have so far announced just 8,000 planned holiday hires. Last year at this time, retailers had already announced 258,201 new positions, CGC said. We have never gone this far into September and not had big hiring predictions from retailers, said Andrew Challenger, senior vice president stanley cup at Ch stanley borraccia allenger, Gray Christmas. Its really surprising, he said, adding that it indicates uncertainty and lower seasonal hiring for 2023.The last time the holiday hiring numbers were this low was during the 2008 holiday season, when that years recession limited retailers to 324,900 workers.Reuters noted that the CGC report didnt cover all retailers. For example, grocery chain Kroger was not included, and that company has said it would hire thousands of seasonal employees for the holidays.However, as PYMNTS wrote in August, recent earnings reports from retailers could indicate some hesitancy among consumers聽as the holidays approach, as well-known merchants 鈥?Target and Macys among them 鈥?struggle to pull in sales and beef up their customer bases. Whil stanley water bottle e overall consumer spending on the rise, albeit unevenly, is undoubtedly good news, these discr Obdg MasterCard s Report On Consumers And Data Security
As the rollout and adoption of Same Day ACH in the U.S. begins this year, the tangible changes and benefits across the payments landscape will, in turn, become increasingly apparent. Yet, there continues to be questions about who really benefits and who really wins. The underserved/unbanked, for one, says Joe Proto, a 30-year veteran of the payments industry and current CEO and Chairman of Transactis.Use CasesThe shift to same-day and faster payments, i stanley cup n general, Proto said, is the most significant endeavor hes seen in his 30 years in the industry. Same-day and faster payments will give us a lot of the same benefits that we get by handling card transactions, without using the card rails. Thats revolutionary, he said.The reason faster payments is so important, Proto said, is because the four major quadrants of the payments industry 鈥?P2P, B2B, B2C and C2B 鈥?are all ben stanley quencher eficially impacted when it comes to the expedited movement of money and data.P2PWhen it comes to P2P payments, Proto pointed to a shifting consumer mindset and, in turn, adoption. For example, he said, Venmo just rece stanley fr ntly announced that January was its first billion-dollar month, so users are clearly finding and using the service more and telling their friends . And, he said, thats powerful. We ;re moving to a user mentality that, if Im going to send you money, you know you ;ve got it pretty much at the same time that we ;ve transacted together, he said. So whether we ;re two friends who |
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