More restaurant jobs and the stimulus package foreshadow the industry's coming recovery

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Restaurants and bars gained 286,000 workers in February, the latest sign that the industry's recovery is on the horizon after a long, cold winter.

"What we've seen when those have been issued is that restaurants have been a beneficiary," Henkes said. "There's a pent-up demand from consumers."

Even with another stimulus package, Sharma isn't expecting the restaurant industry to snap back immediately once everyone has access to the Covid-19 vaccine, based on Australia's recovery. Technomic's latest forecast predicts that restaurants and bars' compound annual growth rate will shrink just 3.6% between 2019 and 2021.

Henkes said that he is looking to the Fourth of July as the inflection point marking when the restaurant industry's recovery will really start to accelerate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!

Rush out. Too soon. Take out and DoorDash. Vaccines available for scheduling May 1. Surge anyone?

I am recently in your country, looking for new friends

15 days to shutter the doors to flatten the curve..........415 to get back to near normal............

Your ‘liberal white privilege’

Wow 😳

Thank you President, Vice President and Democrats. Most of all Thank God!✝️☮️💜✡️

Senate pass the bill of stimulus package no more of poverty thanks JoeBiden Democrats

Recently my friend's baby was diagnosed with acute lymphocytic leukemia & needs a stem cell transplant. Jason & his wife are first-time parents caring for a sick baby & could use some help. If you are in a place to donate or share, it would be appreciated.

I am looking for new, good friends

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airline stocks climb on economic recovery optimism as Senate approves landmark stimulus packageBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. ❤️👍 so we bail out airlines again, but not Main Street or workers?!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Senate Votes to Allocate Billions to Restaurant Industry With Stimulus RenewalThe Paycheck Protection Program has helped keep many small businesses, including restaurants and bars, afloat during the pandemic
Source: Eater - 🏆 368. / 59 Read more »