Economic Issues

Economy and Restaurants View All
By Kelly Killian, Executive Editor

Published in Restaurant Business newsletter

In its annual state of the industry forecast, Technomic is predicting moderate growth in 2014 and 2015—mostly in limited-service restaurants, fueled by fast casual.

Economic News View All

Provided by CQ Roll Call

The latest U.S. Department of Commerce figures show the economy grew at an accelerated rate in the April-through-June period, buoying hopes for more consumer spending.

Gov. Pat Quinn, a Democrat who’s pushing a referendum vote to raise the state’s pay floor, says he’ll live on the current minimum wage for a firsthand look at what life is like for hourlies.

Michigan voters won't see a $10.10-an-hour minimum wage proposal on the Nov. 4 general election ballot after the state's election board rejected petitions due to too few valid signatures.

New data from NPD Group shows 2 billion fewer restaurant visits in May 2014 than six years ago, and traffic is unlikely to pick up soon.

A deep dive into the numbers shows that full-service restaurants saw a much higher increase in jobs than employement overall. But that has little impact on the debate over the minimum wage and tipped workers.

A new study suggests that companies should cool it with location-based marketing.

The franchisors apologized after reports they bought expired beef and chicken from a local supplier they’ve since dropped. 

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