October 2025 REPORT
Main Street Holds Steady as Seasonal Contraction Continues
Key findings:
- Workforce participation fell -2.9% and hours worked -2.6%, moderating from September’s steeper losses.
 - Entertainment (-4.3%) drove industry declines, while Hospitality (+0.1%) was the only sector to hold steady.
 - Wages rose across all sectors and are now 42% higher than early 2022.
 - Hiring dipped ~5% seasonally, while turnover remained elevated relative to 2024 levels.
 

September 2025 REPORT
Main Street Holds Steady as Seasonal Contraction Continues
Key findings:
- Employee participation fell -3.6% and hours worked -4.7%, reflecting the typical late-summer pullback.
 - Entertainment (-21.4%) and Hospitality (-10.7%) drove industry losses; Medical/Veterinary ticked up slightly.
 - Wages rose across all sectors, now nearly 40% higher than early 2022.
 - Hiring eased after August’s surge, while turnover stayed elevated compared to 2024 levels.
 















