SPONSOR

News

Strong U.S. Jobs Report Signals Strengthening Economy; Leisure, Hospitality Sectors Biggest Winners

Apr 5, 2021 | Economy

What a difference three months make. Last Friday, the U.S. Labor Department released its monthly jobs report shocking economists and experts everywhere. In March alone, the economy added 916,000 jobs, up from the 675,000 most expected. January and February gains were stronger than previously reported and ticked upward, bringing the total number of jobs gained in the three-month period to 1.62 million, more than double the increase in the three preceding months.

And in good news for the uniform industry, the biggest winner was the leisure and hospitality sector. This industry alone added 280,000 jobs in March, with some economists predicting more than 1 million jobs will be added in each of the next two months. All service-based businesses should continue to see stronger gains in the coming months as conditions improve and anxieties about the pandemic fade.

CATEGORIES

RECENT