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Workforce

Restaurants lost 372,000 jobs last month

The industry now employs 9.8 million people as restaurants shut services due to coronavirus restrictions.

Workforce

Restaurants cut the number of jobs last month

The industry lost 17,400 jobs in November, the first decline since April.

But the industry remains more than 2 million jobs short of where it was before the pandemic.

The economy is headed in two directions, with some sectors recovering and others not. The same is true for restaurants, says RB’s The Bottom Line.

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.

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.

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