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Still, the industry largely saw strong monthly job gains following the losses it faced early on in the pandemic, averaging 205,000 jobs a month in 2021. Data out Friday from the Bureau of Labor Statistics showed this industry saw a month-over-month job gain of 7,000; the overall nonfarm payroll job gain in June was 206,000. The industry has historically had higher rates of quits and job openings than the overall labor market, per the Job Openings and Labor Turnover Survey. Additionally, the healthcare and social assistance sectors have seen robust job growth and likely will be looking for job seekers long-term. AdvertisementThe overall tougher labor market still has potential for job seekers.
Persons: , switchers, Julia Pollak, " Pollak, Pollak, Nick Bunker Organizations: Service, Business, Bureau of Labor Statistics, Labor, BLS, Healthcare, North America Locations: Federal
NYC hotel rates to go upNew York City has more than enough hotels to meet traveler demand, Davis said, citing an unprecedented supply of new hotel rooms in the city. "Since 2020, 10,000 new hotel rooms have been delivered, and over the next couple of years, another 10,000 new hotel rooms will be delivered to the city," he said. "So there's absolutely more than enough supply of hotel rooms to accommodate all the tourists that want to come to New York City." Knock-on effectFrom London to Paris and Dubai, cities across the world have regulated short-term rental markets. "It's certainly possible that they could follow the lead of New York City," Davis said.
Persons: we've, Kevin Davis, Davis, CNBC's Mandy Drury Organizations: Associated Press, New York City, JLL, Hospitality's, Google, New, & ' Locations: New York City, New York, Hospitality's Americas, airfares, United States, U.S, airfare, London, Paris, Dubai
A Dubai company is offering rich clients a private "party jet" for $13,000 an hour. FIVE Hospitality's Airbus jet has 55 inch TV screens, a "spa-like" shower and smart windows. FIVE's jet offers rich clients an "in-flight entertainment experience" with 55-inch TV screens, a music system, and a dance area. The "spa-like shower." FIVE HospitalityBatra said in the press release that the plane offered an "ultra-luxe, immersive private jet experience like no other."
Persons: you've, TwoTwenty, Aloki Batra, it's, Batra Organizations: FIVE, Airbus, Guardian Locations: Dubai, Madrid, Spain, Switzerland
The sector has been consistently adding jobs since the Covid restrictions in 2020 shuttered many bars and restaurants. However, the sector is still more than 1 million jobs below its pre-pandemic levels, according to the Labor Department. The Labor Department includes those sectors in a broader sector, which includes private education, and that larger group added 90,000 jobs for the month. But there were several areas that shed jobs last month, contributing to the slowdown in job gains. Retail trade and transportation and warehousing combined to shed 9,000 jobs, reflecting a weakness in consumer spending on goods.
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