U.S. Cargo and Passenger Airlines Gained 4,516 Jobs in October 2023
Employment Remains 8.8% Above Pre-Pandemic October 2019
the source for hotel and hospitality trends
Employment Remains 8.8% Above Pre-Pandemic October 2019
In November, employment in leisure and hospitality continued to trend up (+40,000), almost entirely in food services and drinking places. Leisure and hospitality had added an average of 51,000 jobs per month over the prior 12 months.
The number of job openings in the US for October 2023 decreased to 8.7 million, according to the latest Job Openings and Labor Turnover Survey (JOLTS). This is well below the consensus expectation of 9.3 million and previous months reading of 9.3 million. The current data marks a notable drop to levels not seen in over two and a half years, potentially signaling a cooling in the labor market following the unexpected positive trends in recent months, says GlobalData.
What of flexible hiring when the tinsel is swept up, the fairly lights packed away and the mulled wine a distant memory? Just a December necessity or something every employer should look at all year round?
U.S. airline industry (passenger and cargo airlines combined) employment increased to 807,865 workers in September 2023, 2,939 (0.37%) more workers than in August 2023 (804,926) and 64,765 (8.72%) more than in pre-pandemic September 2019 (743,100).
As a result of downward revisions in both August and September, restaurant employment has yet to fully recover from the pandemic losses.
U.S. unemployment rate changes little at 3.9%
U.S. airline industry (passenger and cargo airlines combined) employment decreased to 803,768 workers in August 2023, 125 (0.02%) fewer workers than in July 2023 (803,893) and 61,442 (8.28%) more than in pre-pandemic August 2019 (742,326).
Even with restaurant employment levels surpassing pre-pandemic readings, the workforce expansion likely has more room to run.
U.S. Unemployment Unchanged at 3.8% for September