Outlook for Restaurant Job Growth at a 2-Year High |
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Thursday, 12 June 2014 09:29 |
PR Newswire - "The restaurant industry continued to register robust job growth in May, while the overall economy finally surpassed its pre-recession employment peak. Looking forward, restaurant operators' outlook for staffing growth rose to its highest level in two years. "The economy continued to move in a positive direction in May, according to the latest employment report from the Bureau of Labor Statistics. The overall economy added a net 217,000 jobs in May on a seasonally-adjusted basis, which marked the fourth consecutive month with gains above the 200,000 level. "In addition, the overall economy has now surpassed its pre-recession employment peak, with growth exceeding the 8.7 million jobs lost during the Great Recession. The private sector surpassed its pre-recession peak in March, with the downward trend in public sector jobs representing the difference. "Restaurant employment gains remained robust in May, with the industry adding a net 31,700 jobs on a seasonally-adjusted basis. This marked the 51st consecutive monthly gain for a total of more than 1.3 million jobs. Continue |