Miscellaneous

The National Federation of Independent Business (NFIB) reported this week that small business job openings set a new record in the month of March with 42% of the responding firms reporting that they had job openings last month. Further, NFIB reports that 56% of business owners added workers during the month while 25% of those…

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Consumer Confidence

The monthly report, Survey of Consumers, by the University of Michigan was recently released and it showed that final consumer sentiment readings in March climbed to 84.9—a more than eight-point jump since February and the highest level reached in a year. The gains are believed to be largely the result of another wave of direct…

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Where’s the Consumer’s At?

Keeping an eye on the sentiments of the consumer as some restrictions are lifted or rolled back across the country. Well first, just a slight majority are comfortable going out to dine at a restaurant. According to the latest data from Morning Consult, 51 percent of Americans feel safe going out to eat, up from…

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Consumer Trends

According to the latest Survey of Consumers produced by the University of Michigan, consumer sentiment for early February dropped by nearly three whole points to 76.2, the lowest reading since August of last year and down more than 20 points from February of 2020 – which was just before the coronavirus pandemic hit the U.S.…

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Dunkin’ Doings

It was overall a good report card for Dunkin’ with release yesterday by See Level HX of its 20th annual QSR Drive-Thru study. The 2020 version of this study added a new and unique component in that it reported generally – without identifying brands – on specific COVID-19 related safety issues and noted that 91.3%…

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Competitor News

Both McDonald’s and Starbucks hosted earnings calls as well this week and neither event was particularly pretty. In Q2, McDonald’s posted its lowest overall profit in 14 years, and US same-store stores declined 8.7% for the quarter as a whole. Preliminary July same-store sales trends were just barely in positive territory with breakfast daypart sales…

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Economic Volatility

As the coronavirus continues to ebb and flow in different regions of the country, causing some states to slow the pace of re-opening for business, the volatility is taking a toll on consumer confidence across the board. According to new data released this week by the Conference Board, consumer confidence dipped in July as COVID-19…

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Miscellaneous

The Department of Labor reported yesterday that another 3.8 million new unemployment claims were filed last week, pushing the total for the last six weeks over the 30 million mark.  In the wake of the latest report out of DOL, the Congressional Budget Office has projected that the unemployment rate could reach as high as…

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