WASHINGTON, Feb.
11, 2014 – The restaurant industry did better than the U.S. economy as a whole
in 2013 – and will continue to do so in 2014, according to the National Restaurant Association.
In a post on the
association’s blog,
chief economist Bruce Grindy noted the industry’s job growth – to 3.7 percent
in 2013 from 3.5 percent in 2012 – “represented the strongest gain” since a 3.9
percent jump in 1995. “Taken together, 2012 and 2013 represented the first time
in nearly two decades that the restaurant industry posted back-to-back gains
above 3 percent,” he wrote.
Job numbers in
the broader U.S. economy, meanwhile, increased by a more modest 1.7 percent in
both 2012 and 2013.
Though most
segments of the restaurant industry did well in 2013, Grindy said, snack and
nonalcoholic beverage bars serving coffee, donuts and ice cream set the pace
with a 5.8 percent employment increase. Fast-service restaurants, table-service
restaurants and food-service contractors also did well in 2013, each posting
job growth above 3 percent.
The association
expects the upward trend to continue, albeit with less force. Grindy project
the industry will create 2.8 percent more jobs in 2014, employing a total of 13.5
million people. U.S. employment is expected to increase 1.8 percent.
“The projected
2014 gain will represent the fourth consecutive year in which the industry
registered job growth in excess of 2.5 percent,” Grindy wrote. “Meanwhile, the
overall economy hasn’t posted job growth above 2.5 percent since 1998.”
#30
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