Le Lézard
Classified in: Business
Subjects: NPT, ECO, LBR

Restaurants Add 30K Jobs in June After Choppy Performance This Year



WASHINGTON, July 2, 2015 /PRNewswire/ -- The National Restaurant Association's Chief Economist Bruce Grindy breaks down the latest employment trends from today's Department of Labor jobs report: 

Restaurant industry job growth accelerated in June, according to preliminary figures from the Bureau of Labor Statistics.  Eating and drinking places added a net 29,900 jobs in June on a seasonally-adjusted basis, the strongest monthly gain since February.

"Restaurant industry job growth accelerated in June, according to preliminary figures from the Bureau of Labor Statistics (BLS). Eating and drinking places added a net 29,900 jobs in June on a seasonally-adjusted basis, the strongest monthly gain since February. 

"Meanwhile, job growth in the overall economy came in close to expectations in June. The economy added a net 223,000 jobs in June, which followed mixed results during the first five months of the year. 

"Although growth was somewhat choppy during the first half of the year, both the restaurant industry and overall economy are on pace to improve on their 2014 employment gains. Total U.S. employment was up 2.2 percent on a year-to-date basis through June, up slightly from the 1.9 percent gain posted in 2014. If the current trend holds, it would represent the nation's strongest annual employment gain since 1999.

"For eating and drinking places, the 3.7 percent year-to-date growth puts the restaurant industry on track to register its fourth consecutive year with job growth of at least 3.5 percent. In addition, it would represent the 16th consecutive year in which restaurant industry job growth outpaced the overall economy. 

"Job growth within the restaurant industry was broad-based in the first half of 2015, with several of the major segments registering strong gains. Snack and nonalcoholic beverage bars ? including coffee, donut and ice cream shops ? were among the leading sectors of the economy with a robust 6.4 percent employment gain on a year-to-date basis through May (segment figures are one month lagged). Quickservice restaurants (3.8 percent) and tableservice restaurants (3.5 percent) also added jobs at rates well above the overall economy during the first five months of the year."

Read more from the Economist's Notebook. For additional analysis of restaurant industry trends, log on to Restaurant TrendMapper at Restaurant.org/Trendmapper (subscription required).

Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 1 million restaurant and foodservice outlets and a workforce of 14 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry's largest trade show (NRA Show May 21-24, 2016, in Chicago); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart); as well as the Kids LiveWell program promoting healthful kids' menu options. For more information, visit Restaurant.org and find us on Twitter @WeRRestaurantsFacebook and YouTube.

National Restaurant Association Logo.

Photo - http://photos.prnewswire.com/prnh/20150702/227813-INFO

Logo - http://photos.prnewswire.com/prnh/20131202/MM26024LOGO-b

 

SOURCE National Restaurant Association


These press releases may also interest you

at 16:32
Therap's web-based system provides person-centered planning and assists with case management and eligibility assessments for support providers and state organizations. Its secure applications feature individual support modules including incident...

at 16:29
Therap's upcoming webinar for employment professionals and job coaches offers specialists an opportunity to learn how they can use Therap's Supported Employment tools to track employment services. Therap's employment tools provide agencies supporting...

at 14:05
Legion Lager by Whitewater Brewing Company will be officially launched at a special event in British Columbia this weekend.   What: Legion Lager Launch as part of a night of entertainment featuring complimentary...

at 12:46
Terumo BCT announced today that it will be the exclusive distributor for Stafa Cellular Therapy (StafaCT), a U.S.-based software developer. StafaCT software supports healthcare facilities and cell labs as they manage each phase of the cellular...

at 10:11
Natcore Technology Inc.  has announced its intent to raise CDN$87,500 via a non-brokered private placement. The placement involves the sale of up to 1,250,000 units at a price of CDN$0.07 per unit. Each unit comprises one common share and one share...

at 08:00
Lowcostcarinsuranceprice.com has released a new blog post explaining why to invest more in liability auto insurance. Liability auto insurance is the main policy for drivers. It is both mandatory and essential for a safe driving experience. every...




News published on 2 july 2015 at 13:53 and distributed by: