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

After the mayor vetoed legislation that would raise the city's minimum wage to $11.50 by 2017, council members have voted to override the move. Now, opponents are pushing to get the wage hike on the ballot for voters to decide.

A new poll finds that the most pressing financial challenge facing small-business owners today is developing a retirement plan and exit strategy. That's because 70 percent of their wealth is tied up in their businesses, according to a new poll.

Growth in overall activity is expected to accelerate, but the outlook for the fourth quarter is less robust.

The slowdown was a surprise to economists, who noted that the pullback was most noticeable for big-ticket items like cars, furniture and appliances. 

The International Franchising Association has filed a motion for an immediate injunction to block portions of the city's wage law that treat franchisees as large businesses.

Jobless claims rose last week, according to the U.S. Department of Labor, but that hasn’t dimmed hopes for improvements in consumers’ income and spending power.

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.

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