Restaurant Industry Job Growth Hits 17-Year High in 2012

GREAT article in QSR Magazine that totally validates my believe in the direction and growth of the Hospitality Industry!

The restaurant industry added jobs at double the rate of the overall economy in 2012, and the National Restaurant Association (NRA) expects this trend to continue in 2013.

Eating and drinking places added jobs at a robust 3.4 percent rate last year, the strongest increase in 17 years, according to NRA’s analysis of new figures from the Bureau of Labor Statistics (BLS).

The restaurant industry is the third-largest private-sector job creator since the employment recovery began in March 2010.

The solid restaurant industry job growth in 2012 represented the 13th consecutive year in which restaurant job growth outpaced the overall economy.

Overall, restaurant employment stands 441,000 jobs above its high point before the recession, while the overall economy is still down 3.2 million jobs from the pre-recession peak.

“The sizable disparity in 2012 job growth marked the continuation of a long-term trend,” says Bruce Grindy, chief economist for the NRA. “In fact, during the last 13 years, the number of eating-and-drinking-place jobs jumped 25 percent, while total U.S. employment rose by only 4 percent.”

The NRA expects restaurants to add jobs at a 2.7 percent rate in 2013, a full percentage-point above the projected 1.7 percent gain in total employment.

Employment gains will continue to be driven by growth in the number of locations, as well as existing restaurants staffing up to meet an improving business environment.

“The projected 2013 gain will represent the 14th consecutive year in which restaurant industry job growth outpaces the overall economy, and the third consecutive year in which the industry registered job growth in excess of 2.5 percent,” Grindy says. “In comparison, the overall economy hasn’t posted job growth above 2.5 percent since 1998.”

With the release of the February 1 jobs report, BLS included revisions that gave a clearer picture of employment trends during and after the recession. Restaurant employment fell 3.9 percent during the recession, while the overall economy lost 6.3 percent of its employment base.

“The restaurant industry was certainly not immune from the effects of the Great Recession, with job losses in 2009 and 2010 representing just the second and third years on record that the industry cut staffing levels,” Grindy says. “However, the restaurant industry bounced back quickly after the recession, with January’s employment level up 8.8 percent from the bottom of the cycle. In comparison, total U.S. employment is only up 4.3 percent from the recession trough.”

Job growth within the restaurant industry was broad-based on 2012, with several of the major segments registering strong gains.

Snack and nonalcoholic beverage bars—including coffee, donut, and ice cream shops—aset the pace with a robust 4.9 percent employment gain. Foodservice contactors (4.8 percent), quick-service restaurants (4.1 percent), and full-service restaurants (3.0 percent) also added jobs at rates well above the overall economy in 2012.

Eating and drinking places (restaurants and bars) are the primary component of the restaurant industry, and account for roughly three-fourths of the total restaurant and foodservice workforce.

The restaurant and foodservice industry remains the nation’s second-largest private-sector employer with its workforce of 13.1 million.

Back

What Clients Say About Patrice & Associates

  • I was very lucky to get recruited by Cara and the Patrice and Associates team. From start to finish Cara made me feel like I was the right person for this new step in my career. She was very easy to talk to and brought the best out of me when it came to preparing for my interview. I couldn't have asked for a better person to help with this transition and this great opportunity would never have happened without Cara. Thanks!! Chuck Amiss
  • Doug was excellent!  I have never been treated with such regard and respect and what he has done for me to get me my new career job was exceptional. I do not believe I could have done what he did for me on my own. I would like to thank him for everything and I appreciate everything he has done for me Josh Street Doug was excellent!
  • I will happily give a testimony!  She was awesome, professional and very friendly!

    I am grateful for my experience working with Cara, she was awesome! Always easy to reach via texts, emails and phone. It felt like Cara was on my side and wanted what was best for me. Wrote an amazing resume. She helped set me up with all my interviews, provided interview coaching to help me land the job. She also checked on me completely throughout my whole experience. The best part is how she kept in constant contact with me throughout the process, so I was never left wondering and was very supportive throughout the interview process. I'll definitely highly recommend her in the future! Sincerely Andrea I am grateful for my experience working with Cara!
  • I first want to thank Emily Lilly and Patrice & Associates for helping me land the career changing opportunity I have been desiring in my fast food management career. I met Emily via my Indeed profile, she reached out to me with the career opportunity I have been looking for. As this was my first experience working with a job recruiter, it has exceeded my expectations. Emily was very attentive to the career desires I communicated with her and delivered. She also provided me with relevant, detailed information about the position and company. Emily communicated frequent with all parties involved and made every step of the process smooth and efficient. I would definitely use her services again and highly recommend the services of Patrice & Associates. DaVenna Brown
  • I am writing to you to express my appreciation for the excellent service which I had received from Mike Buterbaugh at Patrice & Associates. Mike was very accommodating and helpful to me. His guidance, support and preparation through the interview process to me getting the job offer was truly professional. Mike, Thank you!!! All the Best. Godfrey de la Rosa Mike, Thank you!!!