WASHINGTON, July 2, 2015 /PRNewswire/ -- The National
Restaurant Association's Chief Economist Bruce Grindy breaks down the latest employment
trends from today's Department of Labor jobs
report:
"Restaurant industry job growth accelerated in June, according
to preliminary figures from the Bureau of Labor Statistics
(BLS). Eating and drinking places added a net 29,900 jobs in
June on a seasonally-adjusted basis, the strongest monthly gain
since February.
"Meanwhile, job growth in the overall economy came in close to
expectations in June. The economy added a net 223,000 jobs in June,
which followed mixed results during the first five months of the
year.
"Although growth was somewhat choppy during the first half of
the year, both the restaurant industry and overall economy are on
pace to improve on their 2014 employment gains. Total U.S.
employment was up 2.2 percent on a year-to-date basis through June,
up slightly from the 1.9 percent gain posted in 2014. If the
current trend holds, it would represent the nation's strongest
annual employment gain since 1999.
"For eating and drinking places, the 3.7 percent year-to-date
growth puts the restaurant industry on track to register its fourth
consecutive year with job growth of at least 3.5 percent. In
addition, it would represent the 16th consecutive year
in which restaurant industry job growth outpaced the overall
economy.
"Job growth within the restaurant industry was broad-based in
the first half of 2015, with several of the major segments
registering strong gains. Snack and nonalcoholic beverage bars
– including coffee, donut and ice cream shops – were among the
leading sectors of the economy with a robust 6.4 percent employment
gain on a year-to-date basis through May (segment figures are one
month lagged). Quickservice restaurants (3.8 percent) and
tableservice restaurants (3.5 percent) also added jobs at rates
well above the overall economy during the first five months of the
year."
Read more from the Economist's Notebook. For additional analysis
of restaurant industry trends, log on to Restaurant TrendMapper at
Restaurant.org/Trendmapper (subscription required).
Founded in 1919, the National Restaurant Association is the
leading business association for the restaurant industry, which
comprises 1 million restaurant and foodservice outlets
and a workforce of 14 million employees. We represent the industry
in Washington, D.C., and advocate
on its behalf. We operate the industry's largest trade show (NRA
Show May 21-24, 2016, in Chicago); leading food safety training and
certification program (ServSafe); unique career-building high
school program (the NRAEF's ProStart); as well as
the Kids LiveWell program promoting healthful kids' menu
options. For more information, visit Restaurant.org and
find us on Twitter
@WeRRestaurants, Facebook and YouTube.
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SOURCE National Restaurant Association