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The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [ 1 ] [ 2 ] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [ 3 ]
While the rate of growth has slowed, food costs are expected to still increase in the coming year. ... Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those ...
The restaurant industry was hit first and worst when COVID-19 closed the economy.According to the National Restaurant Association, businesses laid off or furloughed 8 million hospitality workers ...
This growth in the restaurant industry isn’t projected to slow any time soon. In fact, in the next five to 10 years South Carolina could need 35,000 more workers in hospitality, according to ...
The US restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [ 89 ] [ 90 ] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [ 3 ]
The U.S. restaurant industry was projected to have $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [115] The industry as a whole as of February 2020 employed more than 15 million people, representing 10 percent of the workforce directly. [115]
The job losses within drinking and eating places exceeded job gains by a wide margin, with 32 states seeing a net decline of jobs between August and September.
The restaurant industry in the United States is large and quickly growing, with 10 million workers. 1 in every 12 U.S. residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow. Restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5%.