As the pace of vaccination continued to accelerate across the country and as states relaxed Restrictions on activities such as indoor dining – also in view of the high COVID-19 Prices – The battered hotel industry continued to recover, helping to propel the US economy into one of the biggest months for job growth since last summer.
Bars and restaurants won 176,000 jobs in March. That is less than in February increase of around 309,000 jobs, but it’s the biggest jump of any industry in the employment report, the Bureau of Labor Statistics reported this morning. In total, US companies have created 916,000 jobs across the economy.
Unemployment for bars and restaurants fell from 12.2 percent to 11.8 percent last month, which is still almost double the national unemployment rate, now at 6 percent. The federal unemployment rate peaked a year ago beat 14.8 percent.
The nationwide gastronomy continues to employ around 2.4 million jobs short its pre-pandemic heights.
In other strong news for hospitality, New York City won restaurants and drinking venues nearly 9,000 jobs in February, the biggest increase since October, despite the industry employing just over 52 percent of the people it had before the pandemic.
Full-service restaurants – the category most endorsed by Governor Andrew Cuomo’s decision to reopen indoor dining to quarter capacity in February – increased by around 8,000 Employeesor by 13.7 percent. If the state Department of Labor releases local unemployment data for March in the coming weeks, those numbers could reveal some of the impact of Cuomo’s decision to increase the capacity of the city’s interiors to half capacity last month.
The national employment report remains a mixed bag of news. Those who have been unemployed for more than six months – many of them certainly ex-waiters and bartenders – elevated by 70,000 to 4.2 million, more than 3 million since the beginning of the pandemic. And the number of people unemployed part-time for economic reasons – meaning they want to work full-time but may have fewer hours – has still increased by 1.4 million since last February, although the number fell in March.
The unemployment rate among whites dropped the lowest value in a group to 5.4 percent. For Asians, who have gained nearly 7,000 jobs, unemployment rose almost a full point to 6 percent – after a decline in the previous month. Unemployment among blacks also remained high, falling three-tenths of a percent to 9.6 percent, while unemployment among Latinx people was high fell to 7.9 percent.
In the midst of the high plateau of novel coronavirus cases, Mayor Bill de Blasio has asked New York to do so hold back on expanding the capacity of indoor dining options, a reality that could curb the growth of restaurant jobs in the coming months.
The Centers for Disease Control and Prevention are still considering dining indoors higher risk Activity, and President Joe Biden has also asked states Break Reopening efforts. Rochelle Walensky, director of the CDC, asked Americans this week „to hold out a little longer,” and said she feels a sense of „impending doom” when the COVID-19 numbers are trending in the wrong direction.