Insights and Perspective

 

Insights and Perspective

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The June labor market report will come as a relief to many after earlier lackluster growth, yet the U.S. employment level remains below its February 2020 total. Job creation was most pronounced in Leisure & Hospitality even as restaurants and hotels struggle to fill job openings.

Encouraging Signs for Leisure and Hospitality Sector in February Jobs Report

Job market gains came from a strong performance in the Leisure & Hospitality sector in February that totaled 355,000 new jobs, an encouraging sign for the most beleaguered sector since the onset of the pandemic.