Restaurants and hotels were helping power the booming job market. Now, they're barely hiring.
Briefly

Leisure and hospitality industry facing significant hiring slowdown, impacting job seekers negatively.
Service sector, crucial for job growth, experiencing a 'rolling recession' with slowed hiring, contrasting past robust gains.
Leisure and hospitality industry showed strong job recovery post-pandemic but now sees minimal job growth, contributing to overall job market challenges.
Professional and business services, which had healthy job growth, experienced job losses in June 2024, marking a shift in industry dynamics.
Read at Business Insider
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