Restaurant recession fears 'overblown'

Restaurant recession fears 'overblown'

Labor market strength suggests restaurant industry not in recession.

Preliminary figures released Aug. 5 by the Bureau of Labor Statistics showed that the economy added a net 255,000 jobs on a seasonally adjusted basis in July, which also came on the heels of a robust gain of 292,000 jobs in June.

National Restaurant Assn. chief economist Bruce Grind said the two-month print of 547,000 jobs was the strongest since the last two months of 2015 and was well above the average gains of 151,000 jobs during the first five months of the year.

All access premium subscription

This content requires a subscription to Feedstuffs in order to access. If you are a paid subscriber, use your email and password to Log In now.


Current Feedstuffs Subscribers: Online and mobile access are now included at no charge to you. To read this article, use your subscriber email and password to log-in to your account (or contact us for assistance in updating your account.)


Not Currently a Subscriber: Subscribe NOW to Feedstuffs and receive our print and/or digital publications, enewsletters and premium online content. Visit Feedstuffs.com and click on Subscribe at the top of the page for more information.


SUBSCRIBE NOW https://circulation.feedstuffs.com/Publications.aspx


TO RENEW YOUR SUBSCRIPTION https://circulation.feedstuffs.com/SubscriptionOffers.aspx


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish