Economic News
June 2, 2022
Sales Growth Streak Continues for Restaurants Despite Traffic Losses
For the last 11 consecutive weeks, restaurant traffic has declined, but restaurants are managing to hold on to positive sales growth year over year.
May 31, 2022
April Foodservice Sales Surpass 2019 Levels
Foodservice industry sales are exceeding pre-pandemic levels for the first time since last summer.
May 25, 2022
Incentivizing Teens, Young Adults Could Be Key To Staffing Restaurants This Summer
Slight increases in workforce participation rates for 16- to 24-year-olds would significantly add to the labor pool.
May 18, 2022
Middle-Income Consumers Ordering From Restaurants Less
Ever-rising food away from home prices and record inflation may be to blame for more consumers cutting back on ordering from restaurants.
May 12, 2022
Full-Service Meal Prices Soar to Record Highs
Full-service meal prices hit a record high in April, while food away from home prices overall continue to rise.
May 9, 2022
Restaurant Industry Adds More Jobs in April
Though employment remains down from pre-pandemic levels, the industry continues to see monthly gains.
May 4, 2022
Tenure of Hourly Restaurant Employees Has Dropped Significantly, Says Black Box
The trend reporting firm says over 60% of employees have been with their employer for less than a year.
May 3, 2022
Restaurant Traffic Down From Last Year, Up From Two Years Ago
Restaurant traffic from the first quarter of the year didn’t beat last year’s, but it remains up from 2020 when the pandemic started, according to The NPD Group.
May 2, 2022
Worldwide Coffee Supply Chain Hits New High
New markets and age groups are turning to the caffeinated beverage, according to HostMilano.
April 27, 2022
Top 50 U.S. Restaurant Chain Rankings Announced
The Top 5 chains retained their ranks in The NPD Group’s 2022 report.Â
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