leisure and hospitality sector
Coverage of leisure and hospitality sector in the Nexus archive.
- Stocks are up, unemployment is down – so why is a leading NC economist raising a red flag?
A new Catawba College–YouGov Survey shows 72% of North Carolinians have cut back on purchases due to rising prices. Despite the Dow Jones Industrial Average reaching 53,000, a Kenan-Flagler Business School economist warns of declining job growth, falling labor force participation, and a rise in long-term unemployment. Consumer sentiment and sector-specific job losses, including 61,000 in leisure and hospitality, raise concerns about economic health.
- Wall Street squeezes out minor gains on so-so jobs data
Wall Street saw modest gains amid mixed jobs data, with the Dow Jones Industrial Average setting a new record and the S&P 500 and Nasdaq recovering from previous losses. The June jobs report showed weaker labor market growth and downward revisions to prior months, but analysts suggested the data may be misleading due to a 61,000-job drop in the leisure and hospitality sector, which could be revised upward in the coming months.
- Hawaiʻi unemployment rises, some industries remain flat
Hawaii's unemployment rate was 2.5% in May, with 1,900 nonagricultural jobs added, primarily driven by the leisure and hospitality sector. Some industries remained flat despite overall job market growth.