Business Insider
US · 1 hrs ago
One of the job market's biggest engines is stalling
Employment in leisure and hospitality fell by 40,000 in July.
The Good Brigade/Getty Images
The US had a decline in jobs last month, including for two major consumer-facing industries.
Leisure and hospitality and retail had two straight months of job losses.
Lack of consumer demand due to rising prices could be taking a toll.
For years, the bounce back in restaurants, hotels, and other in-person services was one of the big engines of the job market.
Those days may be over.
The US unexpectedly…
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