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economy

Financing

Urban and office traffic is coming back, but slowly

Data on foot traffic is showing improvements in the number of people in downtown areas and office buildings, but it remains far below pre-pandemic levels.

Financing

5 reasons not to fear a recession

The Bottom Line: The likelihood of an economic downturn is increasing and there is already evidence of slowing demand, but there are reasons the industry is in better shape to withstand these problems.

The Bottom Line: Restaurant sales rose 1% in June, about as much as menu prices increased. The average consumer remains resilient and less willing to cut back on dining out than on other things.

Prices hit a 40-year high again in June. But overall inflation has been worse.

The industry added 40,800 jobs in June, continuing a generally slower rate of hiring. But wage growth was at its lowest level in months.

The Bottom Line: The industry remains 700,000 workers behind where it was before the pandemic, even as sales have recovered. Why is the business so far behind?

More than eight in 10 consumers say they are cutting back on restaurant visits as evidence of spending shifts continues to grow.

The Bottom Line: An economic downturn appears likely, which sent stocks tumbling again on Monday. We can find clues about potential winners and losers from the Great Recession.

Data from Amex Trendex shows that consumers are eager to visit restaurants in the next few months.

The Bottom Line: The price of fuel hits a key psychological number. Will the consumer start responding?

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