Over the last 3 months, we’ve watched the labor market lurch from one extreme to the other. This time last year, there were reports of thousands of workers applying for every open position. Fast-forward to the present day, and we’re seeing a jobs market where employers are struggling to hire the workers they need. Supply and demand for labor has suddenly turned on its head.
This sharp turnaround is especially noticeable within hospitality, a sector that has been one of the most vulnerable to pandemic restrictions. After adjusting to closures, implementing new safety measures, and reopening at often limited capacities, the struggle to find staff for summer is the latest hurdle in the way of restaurants, bars, and the wider food services industry.