U.S. Hotel Job Growth Cooled Off in March

Hotels added more than 5,000 new jobs in the United States in March, a big drop from the previous month's increase, and a possible sign the sector's job growth is slowing.

The U.S. Bureau of Labor Statistics revealed, in its monthly jobs report released on Friday, that leisure and hospitality — which includes hotels — added 72,000 jobs in November, representing roughly 31 percent of total jobs created in the U.S. Leisure and hospitality had added 105,000 jobs in February — 14,000 came from hotels. Overall employment in leisure and hospitality is 2.2 percent, or 368,000 jobs, below February 2020 levels.

The U.S. added 236,000 new jobs in March, a slight decrease from what economists had projected. The U.S. unemployment rate dropped slightly from 3.6 percent in February to 3.5 percent.