- Economic insight by Frank Badillo - https://www.frankbadillo.com -

Job gains suggest spending focus on travel, eating out

job trends
Facebooktwitterpinterestlinkedinmail
U.S. job growth in April returned to the strong pace of the start of the year, but the regional momentum remains mixed and skewed toward the Western and Southeastern states.

A pickup in energy and mining-related jobs among goods industries is driving some signs of turnaround up the middle of the country, notably Texas.

Elsewhere, it is service jobs—led by food service, hotel, and related jobs—that are supporting the strongest regional growth, including improvements in Arizona, South Carolina, and Tennessee.
Jobs By State-MacroSavvy
The strength in places that benefit from leisure travel suggests that the revival in Boomer confidence (see post here) may be benefitting spending on vacations much more than retail goods—where recent gains have been mixed (see here).

The mixed spending trends will continue to reflect these job trends to some extent:

The local differences are hidden amid the overall gain of 211,000 jobs in April—which pushed job gains back up above the 200,000 level after a gain of just 79,000 in March.

See the graphics for detail on the latest job numbers.

Copyright © 2015-2017 MacroSavvy LLC. All Rights Reserved


Print-ready page: