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5 Sectors Slowing Job Growth

Travel

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Hiring in the travel industry fell by 7.1% during April, according to jobs posting website SimplyHired.com. “This sharp decline in hiring so close to popular travel months is likely an attempt by airlines and other oil-reliant travel businesses to buffer the unavoidably high cost of oil,” Godhwani says. Of course, there have been some high profile job cuts in the airline industry with American Airlines announcing that it will slash 13,000 jobs as it struggles with long-running bankruptcy proceedings. “Although job openings decreased from last month, this isn’t unusual for hiring during this time of year,” Godhwani says. On the upside, he says travel hiring may pick up as the summer season gets underway. The transportation industry also saw a 2.8% decline in April, which he says could be due to rising gas prices.

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