Another month, another bonanza for waiters and bartenders.
One month after we reported that the dismal April jobs report was nonetheless "A Golden Age For Waiters And Card Dealers", the Obama-era "job market" gain are back with a vengeance, and of the subpar 559K jobs added in May which was another miss to expectations of 674K - as a reminder, we need to be adding at least 1 million jobs every month to recover to pre-pandemic level...
... a third of all new jobs created in May were waiters and bartenders.
It wasn't just waiters and bartenders: of the 292K leisure and hospitality jobs added (of which food service and drinking place is the main member), the Us also added another 71.7K jobs in "arts, entertainment and recreation" and another 57.9K jobs in "amusements, gambling and recreation."
The rest of the job market was somewhat subdued: here is a breakdown of the 559K jobs added in April:
- Employment in leisure and hospitality increased by 292,000, as pandemic-related restrictions continued to ease in some parts of the country. Nearly two-thirds of the increase was in food services and drinking places (+186,000). Employment also rose in amusements, gambling, and recreation (+58,000) and in accommodation (+35,000). Employment in leisure and hospitality is down by 2.5 million, or 15.0 percent, from its level in February 2020.
- Employment increased in public and private education, reflecting the continued resumption of in-person learning and other school-related activities in some parts of the country. Employment rose by 53,000 in local government education, by 50,000 in state government education, and by 41,000 in private education. However, employment is down from February 2020 levels in local government education (-556,000), state government education (-244,000), and private education (-293,000).
- Health care and social assistance added 46,000 jobs in May. Employment in health care continued to trend up (+23,000), reflecting a gain in ambulatory health care services (+22,000). Social assistance added 23,000 jobs over the month, largely in child day care services (+18,000). Compared with February 2020, employment is down by 508,000 in health care and by 257,000 in social assistance.
- Employment in information rose by 29,000 over the month but is down by 193,000 since February 2020. In May, job gains occurred in motion picture and sound recording industries (+14,000).
- Manufacturing employment rose by 23,000 in May. A job gain in motor vehicles and parts (+25,000) followed a loss in April (-38,000). Employment in manufacturing is down by 509,000 from its level in February 2020.
- Transportation and warehousing added 23,000 jobs in May. Employment increased in support activities for transportation (+10,000) and in air transportation (+9,000). Since February 2020, employment in transportation and warehousing is down by 100,000.
- Employment in wholesale trade increased by 20,000 in May, mostly in the durable goods component (+14,000). Employment in wholesale trade is down by 211,000 since February 2020.
- Construction employment edged down in May (-20,000), reflecting a job loss in nonresidential specialty trade contractors (-17,000). Employment in construction is 225,000 lower than in February 2020.
- Employment in professional and business services changed little in May (+35,000). Within the industry, employment continued to trend up in accounting and bookkeeping services (+14,000). Employment in temporary help services changed little over the month (+4,000), following a large decline in April (-116,000). Overall, employment in professional and business services is down by 708,000 since February 2020.
- Employment in retail trade changed little in May (-6,000). Clothing and clothing accessories stores added 11,000 jobs. Employment in food and beverage stores decreased by 26,000, following a decline of 47,000 in April. Employment in retail trade is 411,000 below its February 2020 level.
And one final point: one month after the BLS' Household Survey showed that all job gains in April were by men with women actually losing positions, May was payback month with jobs held by women soaring by 398K jobs, while men added just 45K, making the two-month gains an overall win for women (390K) over men (381K). This observation should put to rest the flawed narrative that much of the lack of return to the labor force is because women are somehow stuck at home due to lack of childcare.
It does, however, bring up the question: is the BLS sexist and why does it only record men and women. Doesn't America now have at least 3 dozens official genders?