Restaurants To Add 448,000 Summer Jobs, According To National Restaurant Association Projections
WASHINGTON, May 23, 2013 /PRNewswire-USNewswire/ -- Restaurants are expected to add 448,000 jobs this summer season, a 4.5 percent increase over the March 2013 employment level, according to National Restaurant Association (NRA) projections released today. The projected gain represents an improvement over the 2012 summer season.
"Summer is the busiest season for restaurants in most parts of the country, and the stronger business leads to additional employment opportunities at all levels of a restaurant operation," said Bruce Grindy, chief economist for the National Restaurant Association. "The projected addition of 448,000 summer restaurant jobs will be driven by a national economy that continues to improve, as well as consumers' pent-up demand for restaurant services that remains at historically high levels."
Nationally, eating and drinking places added 427,200 jobs during the 2012 summer season, 465,400 jobs during the 2011 summer season, and 427,100 jobs during the 2010 summer season. The restaurant industry is usually the nation's second-largest creator of summer jobs, ranking only behind the construction industry.
"In many states with tourism-driven economies, restaurants satisfy both tourists' cravings for food, as well as job-seekers' hunger for employment," Grindy added.The states projected to add the most eating and drinking place jobs during the 2013 summer season are California (41,700), New York (40,700), Massachusetts (29,000), Texas (22,000), New Jersey (21,900), Michigan (21,200), Ohio (21,000) and Illinois (20,000). The states projected to register the largest proportional employment increase during the 2013 summer season are Maine (31.2 percent increase), Alaska (22.5 percent increase), Delaware (16.8 percent increase) and Rhode Island (15.6 percent increase). Complete state-by-state 2013 projections, plus a national 10-year review, of restaurant summer employment can be found on the NRA's website. Summer employment is defined as the average number of eating and drinking place jobs in June, July and August. The number of summer jobs is the difference between the projected total 2013 summer employment and the March 2013 employment level. Generally, the U.S. restaurant industry begins to ramp up its summer seasonal hiring in April, and it peaks in June, July and August. Eating and drinking places account for approximately three-fourths of the total restaurant and foodservice workforce. Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 980,000 restaurant and foodservice outlets and a workforce of more than 13 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry's largest trade show ( NRA Show May 18-21, 2013, in Chicago); leading food safety training and certification program ( ServSafe); unique career-building high school program (the NRAEF's ProStart); as well as the Kids LiveWell program promoting healthful kids' menu options. For more information, visit Restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube. SOURCE National Restaurant Association
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV