The divergence could mean a slowdown in wage growth, or hiring itself, could curtail spending, which has been robust despite deteriorating consumer confidence.
growth plans, at least in part, because of staffing shortages. JetBlue said pilot attrition is running higher than normal and will likely continue.
She said many cooks are making about $22 an hour, up from $15 before the pandemic. Airport employers are offering hiring, retention and, in at least one case, what she called an"if you show up to work every day this week bonus." Jessica Jordan, managing partner of the Rothman Food Group, is struggling to hire the workers she needs for two of her businesses in Southern California, Katella Deli & Bakery and Manhattan Beach Creamery. She estimates that both are only about 75% staffed.
Larger restaurant chains also have tall hiring orders. Sandwich chain Subway, for example, said Thursday it's looking to add more than 50,000 new workers this summer. Taco Bell and Inspire Brands, which owns Arby's, said they're also looking to add staff. "You have to work really hard to get fired in this economy," said David Kelly, chief global strategist at JP Morgan Asset Management."You have to be really incompetent and obnoxious."And if industries in rebound are hiring to catch up, the reverse is equally true.
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