Sponsored By

What the January jobs numbers meanWhat the January jobs numbers mean

Holly Petre, Assistant Digital Editor

February 6, 2023

 

The January jobs report exceeded expectations across the board, with unemployment rates dropping to 3.4% - the lowest level since May 1969, according to the U.S. Labor Department. The Bureau of Labor Statistics report showed the leisure and hospitality segment as the biggest winner, with an increase of 128,000 jobs in January.

January’s labor flow in leisure and hospitality was the strongest in the segment in months. In December, for instance, eating and drinking places added just over 26,000 jobs, while the sector added 59,400 jobs in November and just over 36,000 in October. The category's January report also bucks the trend in other categories, like technology and retail

That said, the category overall remains below its pre-pandemic level by nearly 500,000 jobs, or nearly 3%.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

Subscribe Nation's Restaurant News Newsletters
Get the latest breaking news in the industry, analysis, research, recipes, consumer trends, the latest products and more.