Airbnb reduced its recruiting staff by 30 percent — affecting perhaps a couple of dozen jobs — even as the company plans on increasing its overall workforce in 2023.
Although hotels recorded job growth in September, the tepid increase served as further validation of the industry's pessimism about solving its labor shortage anytime soon.
It’s a hot market right now for job seekers in the event industry, with most of the opportunities coming from third parties. Companies that laid off people during the pandemic are wary of staffing up too quickly and are turning to agencies instead. Facing a scarce candidate pool, employers are not only boosting pay but are addressing quality of life issues.
Puerto Rico tourism, bolstered by Airbnb when hotels were shut, has had a noteworthy comeback. But if travel and living have blended, then the island's fiscal and political woes can't be overlooked.
Analysts forecasted a slowdown in job growth in April, especially after March numbers were revised down. But restaurants and the overall U.S. economy proved resilient.
The September jobs report looks scary at first blush, down 100,000 in the food service industry. Before sounding the alarms, look at the context surrounding the report itself; it may not be so bad.