Article Title

Scott Anderson
Chief Economist
Bank of the West

The previously decimated leisure & hospitality sector led the way with employment growth of over 28% from a year ago. Still, employment in this hard-hit industry remains over 10% below the pre-pandemic peak of February 2020, implying firms are having a hard time retaining and attracting workers despite significant wage increases.

The only other sector with double-digit job gains was other services (+14.5%), although growth in this sector was about half that of leisure & hospitality. Other services includes equipment and machinery repair, religious activities and temporary parking services. Job growth was also above average for information services (+8.4%).

To learn more, check out this week's U.S. Outlook Report.

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