Hospitality jobs boom as US prepares for World Cup
Summary
The US economy added 172,000 jobs in May, mainly in restaurants, bars, and other hospitality businesses preparing for the World Cup. Most new jobs were in leisure, local government, and health care, while financial sector jobs decreased.Key Facts
- The US created 172,000 new jobs in May.
- Most new jobs are in hospitality, including pubs, bars, and restaurants.
- Local government and health care also saw job growth.
- The job increase is linked to preparation for the World Cup hosted by the US, Mexico, and Canada.
- Jobs in the financial sector decreased during this period.
- The overall US unemployment rate stayed the same at 4.3%.
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