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Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those are single mothers, 40% of whom live in poverty, according to a 2016 report by the National Women’s ...
Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in ways that echo the pandemic: pricier menus, rising wages, and shuttered ...
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 ...
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]
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%.
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
The Lansing area lost more than a dozen restaurants and eateries in 2023. Their closures came amid a volatile, changed restaurant industry.
Nation's Restaurant News (NRN) is an American trade publication, founded in 1967. [1] NRN covers the foodservice industry, including restaurants , restaurant chains , operations, marketing , and events.