As Tech Hiring Slows, This Industry is the Fastest-Growing Employer in the U.S.Hospitality has rebounded from pandemic lows and outpaced other industries for hiring in the first half of 2022 and has now become the leading employer in the U.S. as of January 2023.

The pandemic triggered massivechangesin the job market. While tech and information industries saw a spike in demand, companies went on a hiring frenzy as thehospitalityand food space cut back on jobs amid lockdown. Now, the tables have turned.

随着世界从大流行,hospitality began rebuilding its workforce and outpaced all other industries for the first half of 2022 and has now become the leading employer in the U.S. as of January 2023. Meanwhile, jobs in the tech and information worlddeclined, according to data fromThe Wall Street Journal.

“美国证交会tors that are seeing above-average layoffs are those that saw explosive head-count growth after the pandemic," ZipRecruiter chief economist Julia Pollak told the outlet.

Related:Microsoft Layoffs Signal Layoffs for Other Tech Companies

In essence, the widespread layoffs in tech are in part due to the widespread hiring that happened in 2020. Although thelayoffsand hiring freezes might ignite panic, the shift signals that the job market for tech is actually restoring to pre-pandemic levels.

Tech giants like Amazon,元, Microsoft and Google have all trimmed their workforces over the past year as demand wanes andeconomic conditionsremain uncertain. Conversely, the hospitality industry, including bars and restaurants, has bounced back and become the fastest-growing employer in the U.S.

A close second is thehealthcare industry, which also saw a major hit during the pandemic. In January alone, hospitality and healthcare added 207,000 workers, making up nearly half of the month's private sector growth of employment, according toThe Wall Street Journaldata.

Related:Five Key Trends To Look Out For In The Hospitality Industry In 2023