World Cup boom falters as US hospitality jobs fall in June
Summary
Jobs in the US hospitality sector, including restaurants, bars, and hotels, decreased by 61,000 in June despite expectations that the World Cup would increase hiring. Overall employment in the US rose by 57,000 in June, and the unemployment rate slightly dropped to 4.2%.Key Facts
- The US, Canada, and Mexico are jointly hosting the World Cup.
- In May, hospitality jobs increased by 44,000 as businesses prepared for the World Cup.
- Analysts expected the World Cup to create about 40,000 new hospitality jobs in June.
- Instead, hospitality jobs fell by 61,000 in June.
- Overall US employment rose by 57,000 in June.
- The US unemployment rate decreased slightly to 4.2% in June.
- The decline in hospitality jobs was unexpected despite busy bars and venues during the World Cup.
- Analysts describe the hospitality sector as a weak area in the latest employment data.
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