• Home
    Home 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.
  • Foundation
    Foundation 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.
  • Show
    Show May 18-21, 2019 As the international foodservice marketplace, the National Restaurant Association 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 - Economist's Notebook: National economy hit speed bump in August

Skip to navigation Skip to content

News & Research

Email Print
News RSS

Economist's Notebook: National economy hit speed bump in August

The national economy added just 142,000 jobs in August, which represented the smallest gain since December.  However, the slowdown is most likely just a temporary blip on an otherwise positive trajectory, with job growth expected to get back on track in the months ahead, according to the NRA’s Chief Economist Bruce Grindy.

After enjoying six consecutive months with job growth topping the 200,000 level, the economy hit a speed bump in August.  The national economy added a net 142,000 jobs in August, the smallest gain since December 2013, according to preliminary figures from the Bureau of Labor Statistics

Despite the August slowdown, the economy averaged monthly gains of more than 215,000 during the first two-thirds of 2014, and remains on pace to register its strongest calendar-year growth in 15 years. 

For their part, restaurants continued to be solid contributors to the employment recovery.  Eating and drinking places added a net 21,500 jobs in August on a seasonally-adjusted basis, the 54th consecutive monthly gain for a total of more than 1.4 million jobs. 

The August slowdown is most likely just a temporary blip from a positive growth trajectory, and not a case of the economy being out over its skis in recent months.  Look for employment gains to once again top the 200,000 threshold in the months ahead, which will help boost consumer confidence and household spending.

Read more from the Economist’s Notebook and get additional analysis of restaurant industry trends on the newly revamped Restaurant TrendMapper (subscription required).

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