Business

[Fox Business] April jobs report breakdown: Which industries hired the most workers last month?

Job growth sputtered in April as many industries like manufacturing and leisure and hospitality pulled back on hiring. 

Employers added 175,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, missing the 243,000 gain forecast by LSEG economists. It marked the worst month for job creation since October. The unemployment rate, meanwhile, inched higher to 3.9%.

“From a sector standpoint, health care and construction continue to be standout performers for job growth, while gains in the rest of private services (excluding supply chain services) have leveled off after some weakness to end 2023,” said Rick Rieder, BlackRock’s chief investment officer of global fixed income.

US ECONOMY ADDS 175K JOBS IN APRIL, MUCH WEAKER THAN EXPECTED

The health care sector accounted for the biggest payroll gains in April, adding 56,200 jobs last month. Employment continued to trend upward in doctors’ offices (5,600), home health care services (13,900), hospitals (13,500) and nursing and residential care facilities (9,300).

There were also sizable gains within the social assistance sector last month, with payrolls growing by 30,800. The bulk of those jobs took place within individual and family services (22,500).

Hiring in the transportation and warehousing sector was the third-biggest contributor to the headline job gain last month. The industry onboarded 21,800 employees in April. Most of the gains took place within warehousing and storage and couriers and messengers, which both added 7,600 workers.

AMERICANS IN THESE STATES ARE GETTING A PAY RAISE THIS YEAR

There were also notable gains within other industries, including retail trade (20,100) and wholesale trade (10,100).

However, hiring proved to be lackluster beyond those sectors of the economy in April.

Construction hired 9,000 workers in April, while both manufacturing and the government saw their payrolls rise by 8,000.

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A handful of sectors of the economy saw hiring decline last month. Employment within mining and logging fell by 3,000, while professional and business services lost 4,000 jobs. Information saw the steepest loss, shedding 8,000 jobs. 

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Business

[Fox Business] Dave & Buster’s to allow customers to bet on arcade games

Dave & Busters is upping the stakes on its arcade games. 

The company is set to allow customers who are at least 18 years old to bet on arcade games in its app.

Using Lucra Sports’ real-money gamification software, Dave & Buster’s loyalty members will be able “to digitally compete with each other, earn rewards, and unlock exclusive perks while competing with friends at Dave & Buster’s,” the company said in a statement Tuesday.  

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Simon Murray, Dave & Buster’s senior vice president of entertainment and attractions, said the partnership with Lucra “gives our loyalty members real-time, unrivaled gaming experiences.”

A representative for Lucra told NBC that there would be a limit placed on the bets, but didn’t disclose what that would be. 

FOX Business reached out to Lucra for comment. 

This comes as legal sports betting hits record revenue for a third year in a row.

MARCH MADNESS EXPECTED TO BREAK BETTING RECORDS, SEES GROWING INTEREST IN WOMEN’S SPORTS

According to the American Gaming Association (AGA), U.S. commercial gaming revenue reached an annual record of $66.5 billion in 2023. This surpassed the previous record of $60.5 billion in 2022. 

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AGA CEO Bill Miller said in a statement in February that “American adults’ demand for gaming is at an all-time high,” whether in person at casinos or online. 

In the first two months of the new year, commercial gaming revenue already totaled $11.46 billion, which is about 6.8% ahead of last year’s record pace.

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