Amazon To Hire 100,000 People - Is The Fed Listening?

(RTTNews) - The twain deduction from Amazon's announcement spells cheer for the economy. Consumers, the main engine of growth, seem to be live and kicking and hiring, which has been fairly robust, in recent past, is likely to proceed at a brisk pace. A prospect that may be tempting for the Fed to bring forward an imminent interest rate hike.

The e-commerce giant has decided to create 100,000 seasonal positions across its U.S. network of fulfillment and sortation centers this holiday season to meet the increase in customer demand.

The monthly non-farm payrolls report released by the Labor Department earlier this month showed that the economy added 142,000 jobs in September and 136,000 jobs in the month that preceded it. This marked a slowdown from the 200+ job additions seen since summer of this year. Now with Amazon setting the tempo, and other department store retailers to follow up, things may well be looking up for the job market.

In the months leading up to this holiday season, Amazon has also hired tens of thousands of regular, full-time employees.

"We've hired more than 25,000 full-time associates across the U.S. in recent months and we're looking forward to adding 100,000 seasonal employees for the upcoming holiday season," said Mike Roth, Amazon's vice president of North America operations.

Following last year's holiday season, several thousands of seasonal employees found regular, full-time roles with Amazon.

Amazon has more than 90,000 full-time employees across its over 50 fulfillment centers and 20 sortation centers in the U.S. To meet the increase in customer demand in preparation for the 2015 holiday season, the company has hired over 25,000 full-time employees since August.

For its regular, full-time positions, Amazon offers competitive wages and comprehensive benefits. These benefits include healthcare, 401(k) with 50 percent match, stock and bonuses.

Does this mean, consumer spending, which increased at a robust 3.6 percent sequential clip and partly responsible for the 3.9 percent overall GDP growth in the second quarter could once prop up the economy?