Restaurant Operators Uncertain Despite Steady Job Growth

Recently according to the chief economist of NRA, restaurant operators economic negativity has been rising despite the employment reports staying the same and having the same general stance in the recent months. Recently back in September the national labor market continued to expand at a moderate pace of all of the particulars taking place for it.

Key Takeaways:

• The national labor market continued to expand at a moderate pace in September: the economy added a net 156,000 jobs in September on a seasonally-adjusted basis, according to data released today by the Bureau of Labor Statistics.
• The unemployment rate ticked up to 5.0 percent in September, after sitting at 4.9 percent during the previous three months. However, this was largely due to a surge of 444,000 people entering the labor force, which is a positive sign for the economy.
• Average hourly earnings for all private sector workers were up 2.6 percent between the third quarters of 2015 and 2016.

“In the National Restaurant Association’s September 2016 Tracking Survey, only 17 percent of restaurant operators said they expect economic conditions to improve in six months, while 29 percent said they think conditions will worsen.”

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