You know about the ever-increasing inflation rate of 9.1% for June 2022 over one year ago (highest since November 1981), so we won’t dwell on that. And against that backdrop, new data from the U.S. Bureau of Labor Statistics released this week indicates that of the 372,000 jobs added in June, the restaurant and bars accounted…
Read More »According to new data released by the Bureau of Labor Statistics earlier this month, the leisure and hospitality industry brought back 271,000 jobs in October – over 70 percent of which were at bars and restaurants. Furthermore, the unemployment rate for the hospitality sector of the economy dropped from 19 percent in September to 16.3…
Read More »Just a reminder that the Federal Trade Commission will be hosting a virtual workshop on the franchising rule on November 10. More information on the FTC workshop is available on the agency’s website here. Also, don’t forget that next week’s calendar also includes the Restaurant Finance Conference and one of the keynote speakers at that…
Read More »We all know how the economy has tanked over the past week or so as a result of the coronavirus, but according to the Bureau of Labor Statistics (BLS), it was still going gangbusters through February. The BLS reported the addition of 273,000 new non-farm jobs in February with the unemployment rate remaining steady at…
Read More »The US Bureau of Labor Statistics (BLS) last week reported that the economy is still chugging along with 196,999 jobs added in March, a six-fold increase over the revised figure of 33,000 jobs created in February. Some economists read the dismal February numbers as an indication the economy was slowing, but the bounce back in…
Read More »There can be little doubt that the labor market is tighter than it has been in many years, but if recent reports are accurate, it is still getting tighter! ADP released a national employment report this week showing that job creation has slowed somewhat despite 178,000 private sector (non-farm) jobs having been created in May.…
Read More »Elsewhere in this issue, we referenced a recent report by wallethub.com identifying the Best and Worst Run Cities across the nation. For those who didn’t read that far on Philadelphia, you may want to check out their results. Washington DC took 1st place as the worst of the lot, followed by Detroit, New York and…
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