Q2 proves to be tough for the restaurant job market
📈 In June, the U.S. economy added 206,000 jobs, with unemployment at 4.1%, up from 4% in May. Leisure and hospitality saw only 7,000 new jobs, compared to May's 42,000. The restaurant industry's second quarter had the weakest job growth since Q4 2020, adding only 900 jobs. Despite a forecast of 525,000 seasonal jobs, full-service restaurants are still -4% below pre-pandemic levels. Job openings in restaurants and accommodations are below 800,000, signaling a potential market normalization.
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