economy

Financing

Another 6.6 million people filed for unemployment

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.

Financing

Restaurant employment plunges as coronavirus shutdown takes hold

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.

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.

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