Tag Archives: Leisure and Hospitality Market

U.S. Job Growth Came in at a Minuscule 0.03 Percent in January 2021 — Unemployment Dropped to 6.3 Percent from 6.7 Percent

The U.S. added a miniscule 49,000 net new jobs in January 2021 (0.03 percent gain from December 2020) based on seasonally adjusted data reported by the Bureau of Labor Statistics (BLS).  The previously reported December 2020 loss of 140,000 jobs was restated to a loss of 227,000.   The unemployment rate dropped from 6.7 percent in …Read more

U.S. Employment Performance August 2019

The U.S. added 130,000 net new jobs in August 2019 on a seasonally adjusted basis (preliminary) averaging 172,800 new jobs monthly in the prior 12-months and 158,000 per month year-to-date.   The unemployment rate remained unchanged at 3.7 percent – hovering near a five-decade low. Total U.S. employment is shown in the graph. The unemployment rate …Read more

U.S. Employment Performance July 2019

The economy added 164,000 net new jobs in July 2019 (preliminary) short of the expectation of 171,000 new jobs by economists polled by MarketWatch.   Job growth was at 1.51 percent compared to the 40-year compound annual growth rate of 1.43.  The unemployment rate was unchanged from June at 3.7 percent. The following graph shows the …Read more

Destination Travel Preferences Across Generations

The peak summer travel season is upon us. With the Travel and Leisure segment making up almost one out of every nine jobs, marketing to those using these services is BIG business. See the July 4th blog titled The Leisure and Hospitality Segment — More than 1 Out of Every 10 Jobs in the US …Read more