Another Hiring Wave with 559,0000 Jobs Added in May; U.S. Poised for Labor Shortage
Bureau of Labor Statistics that the economy added 559,000 jobs in May, with the unemployment rate at 5.8 percent. Of the 7.6 million jobs that remain lost from the pandemic, close to 2.5 million are in the Le isure and Hospitality industry, which includes restaurants, hotels, and entertainment venues. The biggest challenge persists in people's willingness to return to work, as they receive equivalent to the industry's average wage, depending on the state, in unemployment benefits and the additional $300 federal stimulus. "The challenge to find skilled and service workers remains a r...