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One thing stands between the US labor market and a full recovery from the pandemic

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Hiring in the accommodations industry remains one of the remaining holdouts in bringing the labor market all the way back to its pre-pandemic condition.

But the headline recovery in the labor market papered over weakness that remained in the industries hardest hit by the pandemic. Namely, restaurants and hotels.showed employment in the accommodations industry — which covers hotels — remains the last major holdout in restoring the labor market to its pre-pandemic status.

Overall, the US labor market added 336,000 new jobs in September, nearly double the 170,000 that were forecast by Wall Street. This report served as the latest sign the economy remains more resilient than expected by many economists. Concierge Maurice stands behind a plexiglass barrier at The Pierre, A Taj Hotel, New York on September 28, 2020 in New York City. Successfully saving for retirement doesn't mean having $1 million in the bank. Experts say you need to plan for your retirement to last several decades and base your budget around living to be 100...

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