9 C
Houston
Monday, January 18, 2021

Restaurant and Hotel Workers Hit with Devastating Layoffs in November

The steep toll of the resurgent pandemic on workers in the hotel and restaurant sector came into view Tuesday in a government report detailing layoffs in November.

Earlier reports, such as jobless claims numbers and the nonfarm payroll figures released on the first Friday of each month, had shown that layoffs were on the rise and hiring had softened. But those broad figures concealed just how deep the cuts were for hotel and restaurants workers.

Layoffs soared from just 130,000 in October to 393,000 in November, according to the Job Opening and Labor Turnover Survey released Tusday. To put that into historical context, if not for the record-breaking numbers hit in March and April, November would have been the worst month recorded in government data going back to December 2000.

On average over the first twenty years of this century, around 212,000 workers lost their jobs as restaurants or hotels closed their doors. Outside of recessions, the number was typically much lower.

The relative strength of much of the rest of the economy may have concealed some of the pain for the industry, at least in the big aggregate numbers often cited by economists, analysts, and pundits. Layoffs in mining, construction, and manufacturing were either down or little changed in the month. Layoffs declined in retail sales and shipping. Professional,  business and financial sector layoffs rose but not by much. Government layoffs fell.

It was really in the restaurant and hotels where November’s pain was concentrated. Even arts and recreation layoffs held steady.

 

 

Breitbart

Latest news

Flatter Trump into not pardoning the Capitol rioters

Lindsey Graham, the forever sidekick to strongmen and straddler of political alliances, shocked few...

Tell us about your Converse

For the second week in a row, the Converse sneakers of Vice President-elect Kamala...

Does philanthropy need to be more woke?

In a 1967 address, Dr. Martin Luther King Jr. acknowledged the progress America had...

Oil majors want Supreme Court to hamstring growing state and local climate lawsuits

BP and other oil majors are calling on the Supreme Court to deal a...

Related news

How Media Bias Hurts the Country

Beware, lest we walk into a well from looking at the stars. ...

Fascism is Back – American Thinker

Fascists are back in a very big way, and they are not who legacy media say they are. They are not who big tech...

Protesters Turned Violent in Martin Luther King’s Last March, Too

So long ago — before the national holiday we observe today, before the monument in his honor was installed near the National Mall —...

Report: Joe Biden to Cancel Keystone XL Pipeline Permit on Day One

President-elect Joe Biden plans to cancel the permit for the Keystone XL pipeline on his first day in office, according to several news sources. The...

Schweizer: Mitch McConnell, Wife Elaine Chao Financially Tied to the Chinese Government

https://www.youtube.com/watch?v=scRRA7YBPL0 Breitbart News senior contributor Peter Schweizer on Sunday detailed how Senate Majority Leader Mitch McConnell (R-KY) and his wife Elaine Chao are financially tied...

Schumer Calls on GOP Colleagues to Join in ‘Convicting’ Trump — ‘Most Despicable Action Any President Has Ever Taken’

During an interview that aired Sunday on CBS’s “60 Minutes,” Senate Minority Leader Chuck Schumer (D-NY) urged his GOP colleagues to join him and...

MI Gov. Whitmer: Trump ‘Incites,’ ‘Legitimizes’ Attacks with Calls Like ‘Liberate Michigan’

Sunday on MSNBC’s “American Voices,” Michigan Gov. Gretchen Whitmer (D) likened the riot at the U.S. Capitol by a group of President Donald Trump...