US Employers Expected to Hire Fewer Seasonal Workers

US Employers Expected to Hire Fewer Seasonal Workers
Image copyright: Unsplash

The Spin

Republican narrative

The Biden administration and Democrats' slow-grind strategy for bringing inflation down is going to spoil consumers’ holiday shopping. High-interest rates are already tightening people's spending budgets, and now consumers are going to face less assistance and longer lines in stores because of the slowdown in hiring.

Democratic narrative

The Biden administration's approach to cooling inflation and bringing the economy back is working, as evidenced by employment in the retail industry and sales growth staying steady all year. If anything, Republicans' refusal to go along with the president's plans for student loan forgiveness is responsible for hurting spending. With student loan payments back on, consumers are less likely to spend on purchases.

Metaculus Prediction


Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!