Home Depot jobs push will hire 60,000 workers for spring season
Home Depot will add 60,000 jobs this spring, the company announced Tuesday. Spring is the busiest time of year for Home Depot, the world’s largest home improvement retailer. Home Depot hired about the same number of temporary workers in 2010, but the company’s announcement comes with other signs that the labor market is improving.
Home Depot is hiring now
Spring at Home Depot is like Christmastime at most other retailers. To get ready, the company is hiring 60,000 seasonal workers during February and March to fill Home Depot jobs. Home Depot also said Tuesday that it will be creating new permanent part-time and full-time positions for the second year in a row. According to an earnings report, a year ago the home improvement retailer employed 317,000 people, including 298,000 hourly or temporary workers. About 61 percent worked full-time. Home Depot stock rose 11 cents to $37.69 Tuesday when the hiring push was announced. Home Depot stock has risen 7.5 percent this year.
Home Depot’s Spring Black Fridays
Home Depot said that 60,000 seasonal workers is comparable to the number hired last spring. The company takes advantage of the springtime rush for home improvement and gardening supplies with “Spring Black Friday” events across four weekends. When and where the Home Depot Spring Black Fridays take place will depend on when spring weather arrives in particular regions of the country. In March, Home Depot will start rolling out the discounts on garden tools, barbecues and other home improvement and outdoor merchandise.
Is the job market improving?
The Home Depot jobs announcement could be a tangible sign that the job market is improving. Last week the Labor Department reported that weekly jobless claims hit their lowest level in two and a-half years. The unemployment rate fell to 9 percent in January from 9.4 percent in December. The Thomson Reuters index of consumer sentiment rose to 75.1 in February, the highest level in eight months. Consumer spending, about 70 percent of the economy, grew at a 4.4 percent annualized rate in the fourth quarter, the highest rate of growth since the first three months of 2006, according to the Commerce Department.