Restaurants are among the businesses hit hardest by the pandemic and shutdowns. Eight million restaurant jobs disappeared, with one in five restaurants set to close permanently as a result of the pandemic. These numbers show that even with the jobs regained in May, the industry still has a long way to go to reach pre-pandemic employment levels.
"We're in the strongest seasonal points of the year," Gordon said. "The weather gets better. People go outside, more people start to travel around." Restaurant owners received stimulus loans from the Paycheck Protection Program in April and May. In order to qualify for loan forgiveness, recipients were originally required to spend 75% of their loan on payroll expenses within eight weeks of receiving their loans. The jobs bump in May could reflect those loan forgiveness guidelines, which incentivized restaurant owners to hire back staffers before they could generate the business that would make those rehires sustainable.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Because its during the Presidency your publication is against? Lol. Nubletts
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Day traders may have played a role in oil's historic plunge into negative territory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Interesting
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »