Amid all the gnashing of teeth about the crummy May jobs report, I decided to look into some April jobs numbers. They were released today as well, because the Bureau of Labor Statistics puts out a lot of its industry-level employment data with a one-month delay. The particular industry I was interested in was taxi and limousine services, where employment went from 77,700 in March to 77,600 in April. That April number is likely to be revised next month; the point is that it's basically unchanged. And it hasn't changed much for a while.
For a business that's being disrupted in a big way by the rise of ride-hailing companies Uber and Lyft, this is remarkable.
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