October Jobs Report: Leisure and Hospitality Lead the Way

The October Jobs Report was released by the United States Bureau of Labor Statistics on Friday. The government reported that U.S. payrolls increased by 128,000, beating the expectation of 75,000 from economists.

Leading the way was the leisure and hospitality sector, which alone contributed 61,000 new jobs in October. Of that total, 48,000 jobs are from food and beverage establishments, according to the Labor Department. The number is the highest since January of this year.

The job growth total for leisure and hospitality in October is a continuation of a trend over the past three months. The sector has seen an average of 38,000 new jobs per month in that span, while averaging just 16,000 per month over 2019’s first seven months.

Another industry that saw notable gains in October is healthcare. The sector added 15,000 new jobs, continuing an upward trajectory. In the past year, there have been 402,000 healthcare payrolls added.

Conversely, manufacturing jobs decreased by 36,000 in October. Motor vehicle and parts shrank by 42,000 in the month, a product of strike activity, according to the Bureau of Labor Statistics report.

Follow us on social media for the latest updates in B2B!

Image

Latest

cloud environments
Rethink Everything: Modern Cloud Environments Demand a Fusion of New Security Architectures, Continuous Education and Educated Partnerships
April 22, 2024

As businesses increasingly transition to cloud environments, the conversation around cybersecurity has become more crucial. The shift from on-premise to cloud-based infrastructures offers notable benefits like scalability and cost savings, yet it introduces unique challenges and complexities in security management. The stakes are high, with a significant rise in cyber threats exploiting the vulnerabilities […]

Read More
Bullying, Suicide, and Society The Unseen Crisis in K-12 Education
April 22, 2024

In a recent episode of the Secured podcast hosted by Mike Matranga and Mike Monsive of ASAP Security Services, the tragic case of a transgender student named Nicks Benedict from Oklahoma grabbed national attention. Benedict, a 16-year-old who identified with he and they pronouns, died by suicide after a bullying incident at school. The […]

Read More
acoustics CAD simulation
Acoustics CAD Simulation: The Future of Aerospace Design
April 22, 2024

As industries strive to meet stringent noise regulations and enhance acoustic performance, acoustic CAD simulation has become an essential tool in aerospace design. The European Environment Agency reports that noise pollution affects the well-being of millions, emphasizing the need for advanced acoustic solutions to mitigate these effects. What cutting-edge strategies and technologies can address […]

Read More
zero-emission vehicles
Forum Mobility Leads Sustainable Supply Chain Revolution with Zero-Emission Vehicles Subscription Model
April 22, 2024

As Earth Day shines a spotlight on environmental stewardship, the conversation around sustainability has extended its roots deep into the veins of the global supply chain. With stringent regulations coming into effect in California, mandating the transition to zero-emission vehicles for port entry, the race to adapt has been catalyzed. This push towards sustainability, […]

Read More