Despite the unseasonably balmy weather across parts of the U.S. this week, a wintry chill could soon threaten to freeze job growth in its tracks, an analysis suggests.

“If retail and leisure businesses are unable to adjust to the coming drop in temperature, 1.4 million jobs that have been recovered in these sectors since April could be lost,” Luke Pardue, an economist with payroll processor Gusto, said in a recent report.

Since the nation’s unemployment rate soared to 14.7% in April, employers in the leisure and hospitality industries have rehired 2.8 million workers, according to Gusto, which looked at federal labor data. About half of those jobs have returned mainly thanks to more outdoor dining, a lifeline for restaurants that had been forced to close or

Read More At Article Source | Article Attribution