No World Cup jobs bump evident in June data
Summary
Even though the U.S. hosted the World Cup, June job numbers do not show an increase in hiring for tourism-related businesses. Leisure and hospitality jobs, which include restaurants and hotels, actually fell by 61,000 in June, and data was revised down for May.Key Facts
- The U.S. hosted the World Cup in 2024.
- Leisure and hospitality jobs dropped by 61,000 in June.
- May's reported gain of 70,000 jobs was revised down to 40,000.
- The leisure and hospitality sector lost an average of 9,000 jobs per month over the last three months.
- In the 12 months before that, the sector had been adding an average of 13,000 jobs per month.
- Monthly job numbers can change due to seasonal adjustments and sampling errors.
- Other economic signs of the World Cup effect, like retail sales and tax collections, will be watched.
- Local employment data for the cities hosting the World Cup will be released later.
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