Nov
12

Dismal Dining

Before Covid-19, employment in foodservice and drinking places peaked at 12.3 million in 2/20. Employment bottomed in 4/20 at 6.3 million, slightly lower than the 5/91 post-dot-com level! There has since been a recovery, and employment is now 10.2 million, the same level as in 2/13. Of the 9.9 million economy wide jobs lost, 2.1 million or 21.2% are in restaurants. Hopefully, a mild winter keeps outside dining possible.

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