U.S. Jobs Data Predict Slowdown in Hospitality Sector Employment
Skift Take
Look beyond monthly jobs reports to see a bigger picture. The U.S. leisure and hospitality sector will cut its employment growth by roughly half over the next decade, according to a government forecast. Hoteliers will cope by boosting the productivity of their existing workforce through training.
During the next decade, the U.S. hospitality and leisure sector will roughly cut in half its pace of job creation. That forecast provided a humbling context to a Friday's jobs report, which found that August marked the longest streak of U.S. job growth on record. The predictions also underscored a growing need for worker training.
In August, the U.S. leisure and hospitality sector added 12,000 jobs, the U.S. Bureau of Labor Statistics reported Friday. Out of those, less than 300 were fresh jobs in traveler accommodations. Hotels employed 1.98 million workers in August. That implied an all-but-flat, seasonally adjusted level compared with July. Labor shortages have been a megatrend Skift has been tracking this year.
In the next decade
