Economic Trends

November’s job numbers as reported by the Bureau of Labor Statistics (BLS) showed employers added more than 260,000 jobs in November despite other indicators pointing toward a slowing economy. Of those positions, leisure and hospitality added 88,000 jobs in November with restaurants and bars leading overall in employment gains, accounting for over 62,000 new positions.…

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Wal-Mart Closings and $15/hour?

One can’t help but wonder on the correlation between Wal-Mart giving in to public pressure last February and agreeing to raise their minimum wages across the country and their more recent announcement that the world’s largest retail company will close 154 stores across the nation and an additional 115 elsewhere around the globe.  The US…

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Restaurant Industry Adds 21,000 Jobs in February

For the 48th consecutive month, the restaurant industry posted a net monthly gains in jobs created for a total over that time frame of over 1.2 million jobs, posting an increase of 21,000 jobs in February.  Notwithstanding the increases, according to the National Restaurant Association February 2014 tracking survey, the restaurant operators still have a…

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Chamber of Commerce Says Private Sector, Not Government, Will Create Jobs

Penny Starr reports at CNSNews.com that Tom Donohue, president of the U.S. Chamber of Commerce, said at the organization’s headquarters in Washington, D.C., on Wednesday that Americans and not the government are the answer to the country’s economic woes. At an event Wednesday to launch its ‘Dream Big’ campaign to promote the American free enterprise system, U.S. Chamber of Commerce President Tom Donohue said that people, not government, will create the jobs needed for economic recovery.

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