Aug. 4, 2014
The National Restaurant Association's Chief Economist Bruce Grindy announced today that the restaurant industry added a net 18,600 jobs in July on a seasonally-adjusted basis. This marks the 53rd straight monthly increase and 25th consecutive month with gains of at least 10,000 jobs, according to a news release.
Grindy said the restaurant industry has added nearly 1.4 million jobs since March 2010, which he calls the beginning of the employment recovery.
"This ranks only behind the professional and business services (+2.7 million jobs) and health care and social assistance (+1.4 million jobs) sectors as the top job-creator during this period," he said.
Nationally, the economy added a net 209,000 jobs in July, which was the sixth consecutive month with gains of at least 200,000 jobs.
"Putting this in historical context, we have to go all the way back to 1997 to find another six-month steak with growth above the 200,000 level," Grindy said in the release. "A continuation of this growth will bode well for the restaurant industry, as consumers will grow more confident in their personal finances and be in a better position to burn off their pent-up demand for food away from home."