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- Long View of Job Growth by Industry. And the “Multiple Jobholders” Question.
Long View of Job Growth by Industry. And the “Multiple Jobholders” Question.
by Wolf Richter Wolf Street
To shed some additional light on the jobs report.
In the comments about the jobs report we discussed on Friday – “Landing Got Cancelled: Job Market Still at Cruising Altitude with Some Bumps” – lots of questions came up about what types of jobs had been created, whether these jobs were mostly low-paid jobs in the Leisure & Hospitality sector or wherever, and whether “multiple jobholders” inflated those strong jobs numbers. So today, we’ll get into the jobs by industry. As we’ll see in a moment, jobs in retail, and Leisure & Hospitality, and State & Local Government (mostly educators) are still below where they’d been before the pandemic.