Economic News

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May 30, 2023

Maine, Alaska Expected to See Largest Job Growth Rates This Summer

Nationally, eating and drinking establishments are projected to add 27,000 more seasonal jobs than in 2019 (the last time such data was recorded).

April 18, 2023

Customers Are Bringin’ Home the Bacon

Recent metrics show that “total restaurant traffic at the morning meal, breakfast and a.m. snack, has fully recovered from pandemic losses.”

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March 16, 2023

MAFSI Denotes ‘Positive Signs’ in Q4 Barometer

MAFSI closed the books on 2022 and set expectations for Q1 of 2023 with the release of its latest Business Barometer on March 15. Overall sales—comprising equipment, supply, tabletop and furniture—were up 8.7% in Q4 2022, compared to a year prior, but down .3% from the previous quarter. “While still above the forecast of 8%,…

February 28, 2023

Restaurant Sales Expected To Rise in 2023

The 2023 State of the Industry report by the National Restaurant Association forecasts sales of $997 billion.

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January 24, 2023

Restaurant Sales Fall but Consumers Still Interested

Consumer spending trended lower as 2022 wrapped up, “flashing a potential warning sign for diminished consumer activity in the months ahead,” according to research posted Jan. 18 from the National Restaurant Association.

January 5, 2023

5 Takeaways From the National Restaurant Association’s Recent Operator Poll

The association took operators’ temperatures on labor challenges, price increases, supply chain challenges and more.

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December 29, 2022

Restaurant Spending Increases for Fourth Consecutive Month

In November, Eating and drinking places registered total sales of $90.4 billion on a seasonally adjusted basis, up from $89.6 billion in October, according to preliminary data from the U.S. Census Bureau.

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December 7, 2022

Survey: 3 in 4 Consumers To Patronize Restaurants During Holiday Season  

A new National Restaurant Association poll finds that 77% of consumers plan to order takeout or go out to eat over the next few weeks.

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December 2, 2022

Restaurant Industry Posts Solid Employment Gains in November

The restaurant industry continues to build its workforce at a slow but steady pace, with November marking the 23rd consecutive month of employment growth.

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December 1, 2022

Restaurant Performance Index Rises 0.8% in October

The increase comes as operators reported their strongest same-store sales performance since June, and customer traffic readings improved slightly.

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