Analysis and Commentary

Our chief economist provides his take on the economy, and what it means for restaurants.

Latest commentary

November 21, 2019
Households in the West spent the most at restaurants in 2018

Household expenditures at restaurants rose faster than most other spending categories during the last 5 years, led by consumers in the West.

October 24, 2019
Teens in the labor force expected to fall to a 65-year low

Labor force growth will be dominated by older adults during the next decade, which will have implications for the restaurant workforce.

September 20, 2019
Consumers want to increase their restaurant frequency

One-half of baby boomers want to use takeout and delivery more often.

September 20, 2019
Consumers have mixed feelings about the economy

Six in 10 millennials give the economy negative marks.

September 13, 2019
Growth in higher-income households bolsters restaurant sales

The number of households with income above $100,000 jumped 29 percent during the last seven years.

August 8, 2019
Restaurants continue to face staffing challenges

Competition for employees in the restaurant industry remains intense, despite recent decline in job openings.

July 11, 2019
Economic outlook for 2nd half of 2019 remains positive

Consumers are expected to remain in a relatively good financial position, which is positive for restaurants.  

June 19, 2019
Gas prices expected to remain elevated this summer

Rising gas prices haven’t crowded out restaurant spending thus far in 2019. 

June 5, 2019
Restaurant industry added nearly 14k locations in 2018

The restaurant industry added more than 10,000 locations for the third consecutive year. 

May 22, 2019
Restaurants projected to add 515k seasonal jobs this summer

Although restaurants will add more than a half-million jobs for the seventh consecutive summer, hiring will be somewhat curtailed in 2019.

May 22, 2019
Teens come back to the restaurant workforce – for now

Teen restaurant employment is at its highest level since 2007, but long-term projections suggest a downward trend. 

May 22, 2019
Restaurants are tapping into a seasoned labor pool

Older adults were the fastest-growing cohort of restaurant employees in recent years.

May 15, 2019
Consumers are uncertain about personal finances and the economy

Millennials are particularly downbeat about their personal economies.  

May 15, 2019
Consumer pent-up demand for restaurants remains elevated

Four in 10 adults say they are not eating at restaurants as often as they would like.

May 9, 2019
Restaurants are filling all rungs on the career ladder

Nearly half of restaurant job openings in 2018 were filled by either first-time workers or promotions.

May 9, 2019
Restaurant industry is posting strong middle-class job growth

The restaurant industry continues to add middle-class jobs at a much stronger rate than the overall economy.

May 9, 2019
Hospitality industry turnover rate ticked higher in 2018

The turnover rate in the restaurants-and-accommodations sector rose to a post-recession high of 74.9 percent in 2018.

OUR AFFILIATES