One of the job market's biggest engines is stalling
07-08-2026 21:30 via businessinsider.com

One of the job market's biggest engines is stalling

Employment in leisure and hospitality fell by 40,000 in July.The Good Brigade/Getty ImagesThe US had a decline in jobs last month, including for two major consumer-facing industries.Leisure and hospitality and retail had two straight months of job losses.Lack of consumer demand due to rising prices could be taking a toll.For years, the bounce back in restaurants, hotels, and other in-person services was one of the big engines of the job market.Those days may be over.The US unexpectedly lost 23,0
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