Amazon.com, Inc. (NASDAQ :AMZN) is going to help to make America great again this Wednesday. The firm, which has had a publicly contentious relationship with President Donald Trump, is planning to do what he’s been promising for over a year: it’s going to create a record number of new jobs. The firm says that it will hire 50,000 new workers on Wednesday.
That’s an incredible number, even in a country as big as the United States. The jobs will be positioned in one of thirteen fulfillment centers across the country. The US Bureau of Labor Statistics says that 222,000 jobs were added in the entire month of June. Amazon’s goal is just under a third of all employment added in the month of August last year. What’s more, the firm says that almost anyone can have a job.
How do I get one of these Amazon jobs?
These are warehouse jobs, and come with all of the unpleasantness that can entail. On Wednesday Amazon.com, Inc. (NASDAQ :AMZN) will be offering jobs tours at the following fulfillment centers: Romeoville, Illinois; Hebron, Kentucky; Baltimore, Maryland; Fall River, Massachusetts; Robbinsville, New Jersey; Buffalo, New York; Etna, Ohio; Whitestown, Indiana; Oklahoma City, Oklahoma; Chattanooga, Tennessee; Kent, Washington; and finally Kenosha, Wisconsin.
If you live near one of those centers and you’re looking for work you should show up in the car park before 8 am. Amazon will give tours of the center and offer work to anyone who fits the criteria. Because it’s hiring so many people, the stipulations are pretty lax.
You’ll need to keep your hair and beard neat, or be prepared to wear a net. Meanwhile you’ll need to bring sufficient I.D. to sign up for a job then and there. You’ll also need to be 18 and have legal permission to work in the United States.
Because the standards are so low, it’s not clear how many jobs are permanent. Amazon.com, Inc. (NASDAQ :AMZN) may be hiring en masse in order to pick the best 50 percent or so. If you’re not there on Wednesday that’s it. The firm’s tours aren’t going to run again any time soon.
Amazon stock could get bouncy
50,000 people isn’t a small cost for the firm to take on. Those holding Amazon stock should expect the Amazon Jobs day to affect the firm’s earnings power for the foreseeable future. Jeff Bezos appears to be pursuing a pure growth strategy once again and putting everything he can behind expansion in retail.
Amazon stock has lost more than two percent of its value in the last five days. That drop is because, to a great extent, a disappointing earnings report. Last week the firm made its intention to focus on investment over earnings very clear.
Perhaps, at the very least, Amazon.com, Inc. (NASDAQ :AMZN) will get a pat on the back from the President on jobs day. Conclusions about the President’s stock market effect are mixed, but with so much criticism of the Seattle firm and its founder Jeff Bezos a bit of balance could do the relationship some good.
After all, it’s almost a certainty that if Amazon Jobs Day boosts August job growth, the President will take credit. It may behoove him to give credit to those actually creating American jobs. His blame of CEO Jeff Bezos for everything from being a monopolizer to slandering him in the Washington Post may get in the way, of that congratulations of course.