The restaurant industry workforce shrunk in January
📈 The U.S. Bureau of Labor Statistics reported a decrease of 15,700 restaurant industry jobs in January, contrasting with a 143,000 job increase in the overall workforce. The unemployment rate dropped to 4% from December's 4.1%. December's revised figures show 307,000 jobs added, with 23,200 in eating and drinking places. In the second half of 2024, 148,000 restaurant jobs were added, 72,000 above the pre-pandemic peak. Full-service restaurants are still 4.1% below early 2020 levels. Recruitment and retention challenge 77% of restaurant operators. The National Restaurant Association forecasts 200,000 job additions in 2025, expecting the industry's workforce to reach 15.9 million and 17.4 million by 2035.
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