was particularly good news for the leisure and hospitality sector as the industry made up the largest share of the job gains last month.in October, beating economists' estimate of 450,000. That makes October the month with the largest job gain since July.
After gaining 88,000 jobs in September, leisure and hospitality saw its highest gain since July at 164,000. Bunker said this improvement is a good sign after COVID and the Delta variant"threw a wrench in the late summer acceleration" for leisure and hospitality. But leisure and hospitality wasn't the only industry that experienced job growth in October. Here's what one-month employment changes looked like in October:, while higher-wage industries are almost back to where they were before the pandemic. He added lower-wage industries include many occupations that involve close contact with others.
But looking at the bigger picture over the last few months shows bargaining power for workers may not last. Heidi Shierholz, president of the Economic Policy Institute,that"slower job growth in the delta-period has been accompanied by slower wage growth in most industries," with wages growing faster between May and July than they have between August and October.
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