• NRA
    NRA We Serve America's Restaurants Representing nearly 500,000 restaurant businesses, we advocate for restaurant and foodservice industry interests and provide tools and systems that help members of all sizes achieve success.
  • NRAEF
    NRAEF Building & Retaining Talent The NRAEF is focused on developing a stronger workforce and building the next generation of industry leaders through education, scholarships and community engagement.
  • NRA Show
    NRA Show May 19-22, 2018 As the international foodservice marketplace, the NRA Show provides unparalleled opportunities for buyers and sellers to come together, conduct business and learn from each other.
  • ServSafe
    ServSafe Minimize Risk. Maximize Protection. For over 40 years, ServSafe® training programs have delivered the knowledge, leadership and protection that have earned the trust and confidence of business leaders everywhere.

National Restaurant Association - Restaurant job growth slowed in March

Skip to navigation Skip to content

News & Research

Share:
Email Print
News RSS

Restaurant job growth slowed in March

Restaurant industry job growth slowed along with the overall economy in March.  However, the overall first quarter gain remained on trend with the previous 10 quarters, when growth averaged just under 100,000 restaurant jobs per quarter, according to the NRA’s chief economist Bruce Grindy.  His Economist’s Notebook commentary and analysis appears regularly on Restaurant.org and Restaurant TrendMapper.

Restaurant industry job growth slowed along with the overall economy in March, according to preliminary figures from the Bureau of Labor Statistics (BLS). Eating and drinking places added a net 8,700 jobs in March on a seasonally-adjusted basis, the smallest monthly gain since June 2012. 

However, the modest March increase followed a strong February that saw the restaurant workforce jump by 65,600 jobs, the strongest monthly gain in more than 14 years. As a result, the overall first quarter increase of 99,400 jobs remained on trend with the previous 10 quarters, when growth averaged just under 100,000 restaurant jobs per quarter.

Meanwhile, job growth in the overall economy came in well below expectations in March. The economy added a net 126,000 jobs in March, the smallest monthly gain since December 2013. In addition, it ended a streak of 12 consecutive months in which the economy added at least 200,000 jobs. 

Despite the March slowdown, the overall labor market remains on a positive trajectory, as the first quarter represented the 11th consecutive quarter in which the economy added more than a half-million jobs. In addition, the 2.3 percent year-to-date growth puts the economy on pace to post its strongest annual employment gain since 1999.

The underlying fundamentals of the economy remain positive, and the NRA expects both the restaurant industry and overall economy to post solid job growth in 2015. However, the sluggish March performance serves as a reality check that the road forward will not be without speed bumps.

Conserve RSS Healthcare RSS Conserve RSS

▲ Back to Top

New report

Spot Ad right

We're glad you're here!®

® 2012-2017 National Restaurant Association. All rights reserved.

2055 L St. NW, Suite 700, Washington, DC 20036
(202) 331-5900 | (800) 424-5156