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No World Cup jobs bump evident in June data
Despite anecdotal evidence of a tourism boom due to the World Cup, official employment data does not reflect this. The leisure and hospitality sector, which includes hotels and restaurants, saw a decrease of 61,000 jobs in June. This sector is highly sensitive to tourism trends, making the decline notable. Furthermore, the May employment figures for this sector were significantly revised downwards. While monthly employment numbers can fluctuate due to sampling errors and seasonal adjustments, the trend over a slightly longer period also fails to show a World Cup hiring surge. For the past three months, the leisure and hospitality sector has averaged a loss of 9,000 jobs per month. This contrasts with the previous twelve months, where the sector added an average of 13,000 jobs monthly. It remains to be seen if the World Cup's economic impact will appear in other local indicators like retail sales or tax receipts. Employment data specific to metro areas is expected later in the month. Experts had anticipated increased hiring to accommodate World Cup travelers, but this forecast either did not materialize or was negated by job losses in other areas.