(Bloomberg Opinion) — From the 1930s through the 1960s, employment in leisure and hospitality held relatively steady — apart from an understandable drop during World War II — at a little over 6% of U.S. nonfarm jobs. Then it began its great rise. As of last month, its share was 11.1%.In the 1950s, about five times as many Americans worked in manufacturing as in leisure and hospitality. During the last recession, employment in leisure and hospitality passed employment in manufacturing for the first time. Now it’s 31% higher.Almost 73% of these leisure and hospitality jobs are now in food services, …read more
Source:: Yahoo Finance
