The June Bureau of Labor Statistics Jobs Report had some promising details, like 850,000 jobs added to the economy — the biggest gain we’ve seen in the last ten months — and a quarter of the new jobs added were in restaurants and bars, a promising sign of continued economic resurgence.
However, these positive revelations were balanced with a dose of troubling facts — like employers around the country, especially restaurant owners, have seen a huge hit to retention, and with high turnover rates comes increasingly difficult working conditions for remaining staff members, creating a vicious cycle. Additionally, despite adding nearly a million new jobs to the market in June (combined with the more than half a million added in May) the unemployment rate actually increased from 5.8% to 5.9%.
This is due in part to a small number of individuals reentering the job search process. We also saw the number of job leavers — those that quit or voluntarily left their jobs — rise by 164,000. While this in theory increases the applicant pool, we’re still seeing employers across the country struggling to fill their open positions as the economy rebounds and more customers are coming through the doors,