Business Insider
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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