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economy

Financing

Restaurant industry projected to grow 50% over the next decade

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

Financing

Unemployment hits a 50-year low

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.

The industry has added 300,000 jobs over the past year, but a slowdown in overall job growth has spurred fears of a slowing economy.

The industry added 25,000 jobs last month as the economy continues to expand.

The industry has added more than 300,000 employees over the past year.

A bad winter likely chilled job growth and put an end to the strong recent run of industry expansion, says RB’s The Bottom Line.

The diverging performances of chains such as Outback Steakhouse and Steak ‘n Shake show an economy heading in two directions, says RB’s The Bottom Line.

The industry has added more than 80,000 jobs over the past two months despite rising labor costs.

The hiring came as the overall job market appears to be accelerating.

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