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Trends in retail trade holiday employment buildups and layoffs

November 17, 2025

The winter holiday season affects employment in several retail industries each year. Among the nine retail trade industries, five typically experience employment buildups in October, November, and December, and layoffs in January and February. Employment in these industries increased by 492,000 during October, November, and December 2024, a slightly stronger holiday buildup than in 2023. The subsequent holiday layoff in January and February was smaller than the layoff in 2024, with retailers retaining 29,000 seasonal employees in 2025, compared with 4,000 in 2024.

Holiday buildup and layoff in retail trade employment in selected industries, 2018–2025
Buildup-layoff year Total holiday buildup Total layoff Net change
after buildup
and layoff

2018–2019

560,000 693,000 -133,000

2019–2020

625,000 665,000 -40,000

2020–2021

634,000 507,000 127,000

2021–2022

602,000 434,000 168,000

2022–2023

454,000 402,000 52,000

2023–2024

478,000 474,000 4,000

2024–2025

492,000 463,000 29,000

Note: Data are not seasonally adjusted. These data are totals for five retail trade industries: Furniture, home furnishings, electronics, and appliance retailers; General merchandise retailers; Health and personal care retailers; Clothing, clothing accessories, shoe, and jewelry retailers; and Sporting goods, hobby, musical instrument, book, and miscellaneous retailers. Holiday buildup data are for October, November, and December. Holiday layoff data are for the following January and February.

Retailers hired 560,000 seasonal employees during the holiday buildup in 2018 and 625,000 in 2019, prior to the COVID-19 recession. During the respective holiday layoffs in January and February, retailers laid off 133,000 more employees than they hired during the buildup in 2018 and 40,000 more than the 2019 buildup. (Pandemic-related job losses in retail trade mostly occurred in April 2020.)

During the next two holiday seasons (2020–2022), holiday hiring remained steady, with retailers hiring 634,000 and 602,000 seasonal employees in 2020 and 2021, respectively. However, the layoffs that followed marked a shift in trend as retailers began retaining seasonal employees. Retailers retained 127,000 seasonal employees in 2021 and 168,000 in 2022.

In the most recent three holiday seasons (2022–2025), trends in both holiday buildups and layoffs shifted. During the holiday buildups in 2022–2024, retailers added an average of 475,000 seasonal employees, below the average buildup of 605,000 employees in 2018–2021. Although retailers continued to retain seasonal employees, the layoffs edged closer to the buildups. In 2023–2025, retailers retained an average of 28,000 employees, below the average of 148,000 in 2021 and 2022.

Data are from the Current Employment Statistics program and are not seasonally adjusted. While the retail trade sector comprises nine industries, this TED focuses on the five industries that hire seasonal employees to meet holiday demand:

  • Furniture, home furnishings, electronics, and appliance retailers
  • General merchandise retailers
  • Health and personal care retailers
  • Clothing, clothing accessories, shoe, and jewelry retailers
  • Sporting goods, hobby, musical instrument, book, and miscellaneous retailers

Employment in these industries accounted for an average of 50.7 percent of overall retail trade employment from September 2018 to February 2025.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Trends in retail trade holiday employment buildups and layoffs at https://www.bls.gov/opub/ted/2025/trends-in-retail-trade-holiday-employment-buildups-and-layoffs.htm (visited November 18, 2025).

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