The hospitality industry has suffered more than one-third of all pandemic-related job losses in the US, according to a new report. Pre-pandemic, the industry accounted for 11% of the total employment natioanlly.
Almost half of the 16.9 million jobs in the industry were lost in March and April, with less than 4 million created or restored since, leaving over 25% of workers unemployed. This is double the next hardest-hit industry, which is mining.
Leisure and hospitality hiring has slowed from 2 million new jobs in June to just 600,000 new jobs in July.
COVID-19 and the ensuing recession saw the unemployment rate across all sectors rise from 3.5% in February to 14.7% in April, since gradually declining to 10.2% in July.