Restaurant News Roundup, 09/06/2024
The latest federal jobs reports shows the restaurant industry continues to hire workers at a stable clip despite some signs of worsening economic conditions. Friday’s U.S. Labor Department report says restaurants and bars added almost three thousand jobs in August. Read more here: https://www.restaurantbusinessonline.com/workforce/restaurant-hiring-held-steady-august-providing-rare-spot-good-macro-news
Despite Friday’s positive jobs report, restaurant chain bankruptcies are nearly double this year compared to 2023. There are multiple factors contributing to this wave of Chapter 11 filings, according to a bankruptcy expert. Read more here: https://www.foxbusiness.com/economy/why-so-many-restaurant-chains-filing-bankruptcy-year
McDonald’s Value Meals and Collectors Cups are apparently drawing more customers, with traffic up five of the six weeks in July and August since the burger chain introduced the program. Read more here: https://www.restaurantbusinessonline.com/financing/value-cups-appear-be-helping-mcdonalds-regain-customers
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