P.M. Edition for Nov. 11. Big companies that usually staff up for the holiday rush are adding fewer seasonal workers this year. WSJ economics reporter Justin Lahart digs into what’s behind uncertainty in the holiday jobs market and the complicated task of gauging the economic effect of government shutdown. Plus, large companies looking to take advantage of tax breaks passed by Republicans this year are finding they’re on the hook for taxes because of a 2022 law. We hear from WSJ tax policy reporter Richard Rubin about what companies are doing about it. And wealthy travelers continue to splurge on luxury hotels, where the average room cost is at a record high. Alex Ossola hosts.
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