Financing

How restaurants can combat an economic slowdown

On this week’s episode of "A Deeper Dive," Joe Pawlak of Technomic discusses a recent downturn in industry growth.

This edition of "A Deeper Dive" is brought to you by PDQ POS.

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Recent data on the restaurant industry has turned sluggish. Is it a temporary blip, or something else?

Joe Pawlak, managing principal with Restaurant Business sister company Technomic, joins "A Deeper Dive" to help answer that question.

Job growth in the restaurant business has slowed considerably this year, with the industry adding only 1,500 jobs a month since June—a shockingly low rate after years in which restaurants added 20,000 to 30,000 jobs monthly.

Restaurant sales so far in 2019 are growing at their slowest rate since 2010. Casual-dining same-store sales, which seemed to be building some momentum, have lost it in recent months. And the industry is still dealing with weak traffic and high labor costs.

Pawlak talks about what it all means, if anything. And he discusses what restaurants can do in the event of a slowdown. Or, more specifically, what they should not do.

Please have a listen.

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