economy

Restaurant hiring accelerates sharply in January

By Peter Romeo on Feb. 03, 2023

Restaurants and hotels led all economic segments in job creation during January, yet still came up about half a million jobs short of where their payrolls were pre-pandemic, according to new federal statistics.

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Operations

Restaurants’ growth plans get stuck in red tape

By Jonathan Maze on Jan. 26, 2023

Operators have increasingly aggressive growth plans and are proposing more complicated restaurant formats than ever. But permitting and construction delays are slowing it all down.

Financing

Restaurant menu prices slowed in December

By Jonathan Maze on Jan. 12, 2023

Prices for restaurant meals rose 8.3% year over year in December as full-service operators slowed their price increases. Inflation as a whole also slowed down in the month.

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Financing

The year in charts

By Jonathan Maze on Dec. 22, 2022

The Bottom Line: Costs soared, menu prices rose, but consumers kept spending. Here’s a look at the restaurant industry’s 2022 in a few key charts.

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Financing

How is the economy faring? That depends on your perspective

By Jonathan Maze on Dec. 08, 2022

The Bottom Line: Consumer spending continues to grow this holiday season, but it’s slowing, and businesses are more cautious, large banks told investors this week.

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Financing

Consumers' return to pre-pandemic dining stalls as lifestyles have shifted

By Lori Rakoczy on Nov. 07, 2022

Technomic's Take: Consumers are not just choosing between one restaurant or another. They're often deciding if it's worth leaving the house.

Workforce

Restaurant hiring slowed significantly in October

By Peter Romeo on Nov. 04, 2022

New federal statistics show that just 6,000 jobs were filled during the month, compared with the more than 60,000 positions that were added in September.

Financing