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But the industry remains more than 2 million jobs short of where it was before the pandemic.
The economy is headed in two directions, with some sectors recovering and others not. The same is true for restaurants, says RB’s The Bottom Line.
The RB podcast “A Deeper Dive” features economist Joel Naroff discussing what is necessary for the economy to fully recover, and how that will affect restaurant sales.
The industry added about 1.5 million new jobs last month but remain far off pre-pandemic levels.
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.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow