New Jobs within the Restaurant Industry
Restaurant Industry Continues Adding New Jobs
According to the Bureau of Labor Statistics, the restaurant industry has added nearly 26,200 new jobs during the month of April. Within the past year, the industry has expanded by adding nearly 260,000 new jobs. In an article by Jonathan Maze, Senior Financial Editor of Nation’s Restaurant News, he highlights how the restaurant industry continues to consistently hire and add new jobs:
The employment numbers are the biggest indication of industry growth. Restaurants do not expand if they do not anticipate enough business for them to do so. Operators are clearly confident in their ability to generate sales.
Investors continue to pour money into the restaurant industry. As we wrote recently, 2016 was the biggest year for early-stage investment in restaurants since the recession. Operators like Wendy’s and Burger King are pushing franchisees to grow as part of unit sales. And franchisees continue to look for growth opportunities.
The industry continues to push forward in spite of troubled sales, which is heartening for employees in the restaurant biz.
After adding 211,000 jobs last month, the unemployment rate is 4.4 percent, according to the Bureau of Labor Statistics, meaning that nearly everyone who wants a job has one.
That should drive up wages, and therefore improvements in discretionary income that help sales, which could keep restaurant job growth humming.
As it is now, job seekers can continue to look forward to new opportunities and advancement as job growth progresses within the industry.
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