Many of the half-million seasonal restaurant jobs will not exist this summer, which will limit opportunities for first-time job seekers.
Expecting your insurance policy to cover your COVID-19 losses? The answer may lie in the fine print, or more likely the courts.
Adjusting for inflation, consumer spending at eating and drinking places plunged to its lowest level since October 1984.
Retail sales dropped almost twice as much during April as they did in March as the nations economy saw its first full month when most businesses were closed because of the coronavirus pandemic, the National Retail Federation said today.
In an ideal world, the restaurant industry would reopen after the Covid-19 pandemic to hordes of diners hungry to make up for lost time. The reality, however, is that a large percentage of former customers simply wont have money to spend dining out.
The restaurant industry lost more than three decades of jobs in the last two months, according to analysis of preliminary BLS data.
New survey indicates that pent-up demand for restaurants is elevated, even as many consumers maintain their off-premises frequency.
While it doesnt come close to making up for sales losses, a majority of consumers are maintaining their off-premises usage of restaurants.
The March employment report was the not-so-calm before the storm.
Nearly half of restaurant job openings in 2019 were filled by either first-time workers or promotions.