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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]
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 restaurant industry was hit first and worst when COVID-19 closed the economy. ... the National Restaurant Association projected that the industry would do $898 billion in sales, up from $864 ...
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
The 10-year projections cover economic growth, employment by industry and occupation, and labor force. They are widely used in career guidance, in planning education and training programs, and in studying long-range employment trends.
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 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%.
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