One chart shows the wild gaps in recovery among different industries

A waiter serves a family dining outdoors at Balthazar in SoHo on Mother’s Day amid the Coronavirus pandemic on May 09, 2021 in New York City.
Alexi Rosenfeld/Getty Images

Industries continue to rebound from pandemic lows experienced last year.
A few industries, such as nonstore retailers, are actually above February 2020 employment.
The motion-picture and sound-recording industry was around 34% below pre-pandemic employment in June.
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As the US continues to recover from job losses in 2020, some industries are still far below pre-pandemic employment. Notably, the motion-picture and sound-recording industry in June was around 34% below employment in February 2020.
Based on the new employment figures released by the Bureau of Labor Statistics, the US saw its largest job gain so far this year. The US added 850,000 nonfarm payrolls last month, more than May’s revised figure of 583,000. The leisure and hospitality industry made up 40% of these gains, adding 343,000 jobs in June. Overall, this sector is still 12.9% below pre-pandemic employment.
Several industries outside of leisure and hospitality are also still far below pre-pandemic employment as they slowly recover. A few have at least 20% fewer jobs in June 2021 than they did in February 2020. While some industries are still not close to employment levels seen before the pandemic, several detailed industries are actually above pre-pandemic employment.
The following chart shows the percent change in employment between February 2020 (the month before large-scale pandemic shutdowns in the US began) and June 2021. Along the horizontal axis is each industry’s median hourly wage as of May 2020 from BLS’s National Occupational Employment and Wage Estimates program.
The motion-picture and sound-recording industry is still down 149,400 jobs from its pre-pandemic level. The industry did see a gain last month of 5,400 jobs.
Nick Bunker, Indeed economic research director, told Insider that as more movies theatres open and people feel safer going out to watch a movie instead of using a streaming service, this would hopefully then be reflected in job gains in this industry.
Employment in performing arts and spectator sports was also 23.7% below pre-pandemic employment, or 124,440 jobs below February 2020 employment. Employment in accommodation was 21.5% below pre-pandemic employment, or 451,800 jobs below February 2020 employment. Both of these industries fall under leisure and hospitality and gained jobs in June.
Couriers and messengers and the warehousing and storage industry have been above February 2020 employment as these two industries supported the stay-at-home economy. Warehousing and storage gained 13,600 jobs in June and is 7.6% above pre-pandemic employment. Employment in couriers and messengers decreased by 23,800 jobs in June. However, this industry is still 13.3% above pre-pandemic employment.
"If the decline in couriers and messengers employment continues, this could be a sign that demand for delivery services is declining as consumers shift toward in-person services," Bunker told Insider.
Read the original article on Business Insider

Source: https://www.businessinsider.com/chart-industries-above-and-below-pre-pandemic-employment-in-june-2021-7

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