U.S. Employment Trends
U.S. Hotels Add 1,200 Jobs in April Reports AHLA
U.S. Hotels still 193,600 jobs short of pre-pandemic levels amid economy-wide labor shortage
U.S. Hotels still 193,600 jobs short of pre-pandemic levels amid economy-wide labor shortage
Hospitality businesses rely on their employees to provide excellent service and maintain the brand image. This front-line reality makes talent management a crucial activity for any hospitality organization. As the saying goes: 'The people make the place.'
REPORT: Hospitality Careers Are in Demand, Outpacing National Projected Growth
Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.
Here are five charts on why talking about mental health is so hard, why it's worth paying attention to worker mental health, and what companies can do to make workers feel heard.
The COVID-19 pandemic accelerated hospitality's shift towards remote work, challenging the sector to adapt roles for remote environments, ranging from customer service to event planning. While remote work offers advantages for both employers and employees, it also presents multiple challenges for them. Companies must balance attracting younger talent with the limitations of remote work, identify roles suitable for remote settings, and invest in the infrastructure necessary to support this model.
U.S. Unemployment Rate Unchanged at 3.7%
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. unemployment rate changes little at 3.9%