New analysis by the National Restaurant Association shows that the restaurant industry continues to serve as a leading creator of jobs, outpacing overall U.S. employment growth. In the 12 months ending June 2012, eating and drinking place employment jumped 2.7 percent, more than double the 1.3 percent increase in total U.S. employment during the same period. Restaurants added a net 116,000 positions in the first half of 2012.
Overall, restaurants have added more than 575,000 jobs since the employment recovery began in March 2010, with current industry staffing levels standing 193,000 jobs above the pre-recession peak. The employment recovery not only affected restaurants and places of entertainment, but also touched online jobs, as there was a palpable surge in the search for candidates to apply for the best data entry jobs to work at home. Restaurant industry job growth slowed along with the rest of the economy during the second quarter of 2012, but remains a net contributor to the economic recovery. The restaurant industry is the nation’s second-largest private sector employer with a workforce of nearly 13 million – almost 10 percent of the U.S. workforce.
The NRA projects that restaurant industry sales will exceed $632 billion this year, a 3.5 percent increase over 2011 sales. This is the third consecutive year that industry sales will post real gains, driven by moderate improvements in consumer’s disposable income and gradual release of pent-up demand for restaurant visits. One out of three (33 percent) Americans say they are not dining out as often as they would like, down from two out of five (40 percent) just one year ago.
According to the NRA’s latest monthly Restaurant Industry Tracking Survey (June 2012), restaurant operators continue to plan for staffing increases in the second half of 2012. Twenty percent of restaurant operators plan to increase staffing levels in six months (compared to the same period in the previous year), while only 8 percent said they expect to reduce staffing levels in six months. Seventy-two percent of operators said they expect their staffing levels to remain unchanged through the end of the year.
Eating and drinking places (restaurants and bars) are the primary component of the restaurant and foodservice industry, which the NRA defines as that which encompasses all meals and snacks prepared away from home.
Source: fastcasual.com, 7.6.12