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economy

Financing

Where does the economy go from here?

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.

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.

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.

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