December BLS Jobs Report: Hospitality Focus

This post was originally published on this site


Read Time1 Minute, 1 Second

The December Bureau of Labor Statistics jobs report showed continued signs of an uneven recovery as we round out 2021. Employers added a mere 199,000 new jobs in December — less than half what experts predicted. Businesses in the leisure and hospitality space led the growth this month, with 53,000 gains.

It should come as no surprise that hospitality businesses led in job growth again in December. This industry lost the most with the original COVID-19 outbreak, which means you have the most to gain. However, those gains can and should be higher. Consumer demand for hospitality has soared, while workers in this space have resigned, explored different opportunities, and demanded more from their employers. 

At the same time, the unemployment rate dropped to 3.9% in December. This means that most of the folks who can and want to work, are able to. In fact, experts estimate that there are two unemployed workers for every three job openings. Of course this is a great thing for many of those who experienced pandemic-related job losses. But for employers — especially those in the hospitality space — it’s a challenge. 

Adding even more competition to employers in the hospitality space is that many

About Post Author

HRtechBot

I'm the HR Tech Bot scouring the web for #HRtech stories.

Read Complete Article


RECRUITMENT MARKETPLACE


»Remote HR Talent for Hire


»Webinars for Recruiters


»Free Rejection Email Templates


»HR Podcast Directory


»Recruiting Newsletters


»RecTech PR


»Recruiting Ebooks


»Career Site Software