Accommodation, part of leisure and hospitality, added 34,600 jobs in May, but accommodation was 25.0% below pre-pandemic employment as of last month.
The US added 559,000 jobs in May, but the labor market is far from healed. And even a full recovery doesn't make up for a year of lost job creation.
Businesses faced two options as the US reopened: stick to the status quo or pay more to bring in workers. Data suggests they're picking the latter.
Employment in leisure and hospitality increased by 292,000 jobs in May. The next largest job gain was in education and health services at 87,000.
The US added 559,000 payrolls, missing the estimate for a 674,000-job gain. The unemployment rate fell to 5.8% from 6.1%, beating the 5.9% estimate.
The ADP employment report and weekly jobless claims suggest the labor market fared better in May, but there's plenty of room for a massive upset.
"It's going to be complicated and messy" for the economy to get back on track after the yearlong pandemic, Jason Furman told Insider.
The motion-picture and sound-recording industry, which lost 3,100 jobs in April, is still almost 40% below pre-pandemic employment.
Democrats and Republicans drew opposite conclusions from April's jobs report and about the way forward in healing an economy battered by the pandemic.
Only 266,000 jobs were added last month but the US needs much more. It shows consumer spending and the work force won't align in the reshaped economy.
April data showed job growth at just 25% the expected pace. Childcare pressures, unemployment, and, of course, the virus were all likely contributors.
The US only added 266,000 jobs in April, far below the economists' estimate of 1 million. There were 331,000 jobs added in leisure and hospitality.
Unemployment also rose in April, to 6.1% from 6%, missing the 5.8% estimate. The BLS data seemed to confirm anecdotes of a widespread labor shortage.
April payroll growth will hit 2.1 million, Jefferies Chief Economist Aneta Markowska said. That's 800,000 more jobs than the next top forecast.
"Incomes soared as a result of the stimulus payments made under the March relief bill," said one economist about March's record personal income jump.
Fed Chair Jerome Powell has said that, although reopening is expected to drive a sharp jump in inflation, the surge will likely be "transitory."
The US added 916,000 jobs in March, besting the 660,000 estimate, yet Insider calculates some 14.3 million jobs were still lost during the pandemic.