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economy

Financing

Restaurants have regained half of their lost jobs

The industry added about 1.5 million new jobs last month but remain far off pre-pandemic levels.

Financing

Restaurants rehired nearly 1.4M workers last month

Federal stimulus dollars and unexpected sales gains helped the industry bring back laid off workers.

Reopened neighborhood restaurants are attracting locals, but hotel and casino spots rely on tourism and conventions.

Companies from distributors to point-of-sale providers have faced their own challenges as restaurant sales crater.

Nearly 17 million Americans have been left jobless in just the past three weeks, with many of them undoubtedly restaurant workers, says RB’s The Bottom Line.

New federal data shows more than half of job losses last month, though it doesn’t reflect late-month layoffs.

Stocks plunged amid an oil price war and coronavirus fears, continuing a two-week run of high volatility.

The National Restaurant Association expects the industry will hit $1.2 trillion in sales by 2030 as its reach broadens.

But restaurant industry hiring continued to slow down in September.

Chief executives of Domino’s and Starbucks both say the consumer is strong, even as economic concerns worry investors.

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