Leisure & Hospitality industry
Despite Jobs Gains, Leisure & Hospitality Sector are Hamstrung by Lack of International and Business Travel
U.S. Travel Association | May 10, 2021
WASHINGTON — May 10, 2021 — The Leisure & Hospitality industry gained 331,000 jobs in April—outperforming the overall U.S. jobs increase of 266,000, and offsetting jobs losses in other sectors. The sector’s unemployment rate continued to decline, from 15.9% in January to 13.0% in March and just 10.8% April—but remains significantly worse than overall U.S. unemployment (6%). Despite the gains in recent months, 17% of Leisure & Hospitality jobs have been lost (and not yet recovered) since February 2020. Leisure & Hospitality also accounts for 35% of all U.S. jobs still lost since February of last year. “Leisure ...
Leisure & Hospitality Accounts for Whopping 39% of Jobs Lost to Pandemic
U.S. Travel Association | February 9, 2021
WASHINGTON — February 9, 2021 — Almost four in 10 of all the U.S. jobs lost since February of last year are in the Leisure & Hospitality industry, according to analysis of the latest Department of Labor national jobs report—triple the number of the next-hardest-hit industry. The meager 49,000 jobs created by the U.S. economy in January were viewed by economists as a disappointment and a major sign of lingering pandemic-related stress in labor markets. But according to analysis created for the U.S. Travel Association by the research firm Tourism Economics, the real underlying story is the 61,000 jobs lost by the Leisure & ...
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All Things Independent
STR Weekly Insights: 19-25 March 2023
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