Leisure and hospitality employment during recent recessions

August 08, 2014

Despite making up only 8 percent of total nonfarm employment, the food services and drinking places industry (part of the larger leisure and hospitality industry) accounted for almost 1 out of every 6 nonfarm jobs added during the recovery after the recent recession. The overall leisure and hospitality industry accounted for almost 1 out of every 5 nonfarm jobs added during the recovery.

 

 Leisure and hospitality and total nonfarm employment, indexed to 2001 and 2007 leisure and hospitality employment peaks, 2001 and 2007 recessions, seasonally adjusted
Number of months after leisure and hospitality employment peak2001 recession2007 recession
MonthLeisure and hospitalityTotal nonfarmMonthLeisure and hospitalityTotal nonfarm
Employment levelIndex (July 2001 = 100)Employment levelIndex (July 2001 = 100)Employment levelIndex (Dec 2007 = 100)Employment levelIndex (Dec 2007 = 100)

-6

Jan 200111,977,00098.90132,694,000100.39Jun 200713,413,00098.99138,017,00099.76

-5

Feb 200111,997,00099.07132,766,000100.44Jul 200713,417,00099.02137,984,00099.74

-4

Mar 200112,000,00099.09132,741,000100.43Aug 200713,419,00099.03137,968,00099.72

-3

Apr 200112,040,00099.42132,460,000100.21Sep 200713,461,00099.34138,053,00099.79

-2

May 200112,068,00099.65132,422,000100.18Oct 200713,499,00099.62138,135,00099.84

-1

Jun 200112,076,00099.72132,293,000100.09Nov 200713,535,00099.89138,253,00099.93

0 (peak)

Jul 200112,110,000100.00132,178,000100.00Dec 200713,550,000100.00138,350,000100.00

1

Aug 200112,093,00099.86132,020,00099.88Jan 200813,542,00099.94138,365,000100.01

2

Sep 200112,061,00099.60131,778,00099.70Feb 200813,543,00099.95138,279,00099.95

3

Oct 200112,015,00099.22131,454,00099.45Mar 200813,531,00099.86138,199,00099.89

4

Nov 200111,985,00098.97131,160,00099.23Apr 200813,511,00099.71137,985,00099.74

5

Dec 200111,967,00098.82130,989,00099.10May 200813,498,00099.62137,803,00099.60

6

Jan 200212,006,00099.14130,847,00098.99Jun 200813,482,00099.50137,631,00099.48

7

Feb 200211,962,00098.78130,714,00098.89Jul 200813,463,00099.36137,421,00099.33

8

Mar 200211,965,00098.80130,695,00098.88Aug 200813,431,00099.12137,162,00099.14

9

Apr 200211,928,00098.50130,615,00098.82Sep 200813,379,00098.74136,710,00098.81

10

May 200211,936,00098.56130,607,00098.81Oct 200813,352,00098.54136,236,00098.47

11

Jun 200211,905,00098.31130,664,00098.85Nov 200813,300,00098.15135,471,00097.92

12

Jul 200211,912,00098.36130,579,00098.79Dec 200813,256,00097.83134,774,00097.42

13

Aug 200211,936,00098.56130,564,00098.78Jan 200913,222,00097.58133,976,00096.84

14

Sep 200211,991,00099.02130,504,00098.73Feb 200913,193,00097.37133,275,00096.33

15

Oct 200212,070,00099.67130,629,00098.83Mar 200913,127,00096.88132,449,00095.73

16

Nov 200212,109,00099.99130,639,00098.84Apr 200913,056,00096.35131,765,00095.24

17

Dec 200212,112,000100.02130,481,00098.72May 200913,106,00096.72131,411,00094.98

18

Jan 200312,173,000100.52130,575,00098.79Jun 200913,076,00096.50130,944,00094.65

19

Feb 200312,130,000100.17130,422,00098.67Jul 200913,078,00096.52130,617,00094.41

20

Mar 200312,109,00099.99130,212,00098.51Aug 200913,046,00096.28130,401,00094.25

21

Apr 200312,085,00099.79130,167,00098.48Sep 200913,054,00096.34130,174,00094.09

22

May 200312,092,00099.85130,156,00098.47Oct 200912,995,00095.90129,976,00093.95

23

Jun 200312,121,000100.09130,166,00098.48Nov 200912,986,00095.84129,970,00093.94

24

Jul 200312,143,000100.27130,189,00098.50Dec 200912,944,00095.53129,687,00093.74

25

Aug 200312,177,000100.55130,148,00098.46Jan 201012,931,00095.43129,705,00093.75

26

Sep 200312,208,000100.81130,250,00098.54Feb 201012,933,00095.45129,655,00093.72

27

Oct 200312,259,000101.23130,446,00098.69Mar 201012,947,00095.55129,811,00093.83

28

Nov 200312,284,000101.44130,462,00098.70Apr 201012,981,00095.80130,062,00094.01

29

Dec 200312,320,000101.73130,586,00098.80May 201013,007,00095.99130,578,00094.38

30

Jan 200412,346,000101.95130,747,00098.92Jun 201013,031,00096.17130,456,00094.29

31

Feb 200412,372,000102.16130,791,00098.95Jul 201013,053,00096.33130,395,00094.25

32

Mar 200412,425,000102.60131,123,00099.20Aug 201013,087,00096.58130,353,00094.22

33

Apr 200412,435,000102.68131,372,00099.39Sep 201013,132,00096.92130,296,00094.18

34

May 200412,481,000103.06131,679,00099.62Oct 201013,125,00096.86130,537,00094.35

35

Jun 200412,495,000103.18131,753,00099.68Nov 201013,130,00096.90130,674,00094.45

36

Jul 200412,495,000103.18131,785,00099.70Dec 201013,159,00097.11130,745,00094.50

37

Aug 200412,485,000103.10131,917,00099.80Jan 201113,149,00097.04130,815,00094.55

38

Sep 200412,550,000103.63132,079,00099.93Feb 201113,196,00097.39130,983,00094.68

39

Oct 200412,582,000103.90132,425,000100.19Mar 201113,247,00097.76131,195,00094.83

40

Nov 200412,606,000104.10132,490,000100.24Apr 201113,286,00098.05131,517,00095.06

41

Dec 200412,630,000104.29132,619,000100.33May 201113,290,00098.08131,619,00095.13

42

Jan 200512,665,000104.58132,753,000100.44Jun 201113,338,00098.44131,836,00095.29

43

Feb 200512,690,000104.79132,992,000100.62Jul 201113,372,00098.69131,942,00095.37

44

Mar 200512,718,000105.02133,126,000100.72Aug 201113,396,00098.86132,064,00095.46

45

Apr 200512,802,000105.71133,489,000100.99Sep 201113,416,00099.01132,285,00095.62

46

May 200512,797,000105.67133,664,000101.12Oct 201113,463,00099.36132,468,00095.75

47

Jun 200512,837,000106.00133,909,000101.31Nov 201113,514,00099.73132,632,00095.87

48

Jul 200512,867,000106.25134,282,000101.59Dec 201113,542,00099.94132,828,00096.01

49

Aug 200512,891,000106.45134,478,000101.74Jan 201213,594,000100.32133,188,00096.27

50

Sep 200512,862,000106.21134,545,000101.79Feb 201213,638,000100.65133,414,00096.43

51

Oct 200512,840,000106.03134,629,000101.85Mar 201213,703,000101.13133,657,00096.61

52

Nov 200512,884,000106.39134,966,000102.11Apr 201213,700,000101.11133,753,00096.68

53

Dec 200512,905,000106.56135,125,000102.23May 201213,705,000101.14133,863,00096.76

54

Jan 200612,945,000106.90135,402,000102.44Jun 201213,711,000101.19133,951,00096.82

55

Feb 200612,980,000107.18135,717,000102.68Jul 201213,739,000101.39134,111,00096.94

56

Mar 200613,034,000107.63135,997,000102.89Aug 201213,810,000101.92134,261,00097.04

57

Apr 200613,074,000107.96136,179,000103.03Sep 201213,868,000102.35134,422,00097.16

58

May 200613,052,000107.78136,202,000103.04Oct 201213,889,000102.50134,647,00097.32

59

Jun 200613,061,000107.85136,279,000103.10Nov 201213,921,000102.74134,850,00097.47

60

Jul 200613,130,000108.42136,486,000103.26Dec 201213,981,000103.18135,064,00097.62

 

The most recent employment downturn (the recession that began in December 2007) was historic in many ways, but most notably, in the substantial number of jobs lost. In percentage terms, the job loss between the total nonfarm employment peak in January 2008 and the trough in February 2010 was the largest job loss since the 1940s. The employment downturn between July 2001 and June 2002  (part of the recession that began in March 2001) was less severe in comparison with the recent recession.

The leisure and hospitality industry employment recoveries in 2002 and 2010 differ in several ways. For many industries, the 2001 employment downturn was shorter than the 2007 downturn and the accompanying job losses were less severe. It took the leisure and hospitality industry 6 months to recover the jobs it lost between its July 2001 peak and its June 2002 trough, a recovery rate of about 17 percent per month. It took half as long to recover the jobs as it did to lose them.

In contrast, it took the leisure and hospitality industry 24 months to recover the jobs it lost from the December 2007 peak to the January 2010 trough, a recovery rate of about 4 percent per month. It took about the same amount of time to recover the jobs as it did to lose them.

These data are from the Current Employment Statistics program. To learn more, see "Restaurants help feed job growth: how the leisure and hospitality industry fared after the recent employment downturn," Beyond the Numbers, August 2014. The months in which recessions begin and end are determined by the National Bureau of Economic Research.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Leisure and hospitality employment during recent recessions on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140808.htm (visited November 28, 2014).

OF INTEREST

Three recent editions of Spotlight on Statistics