The industry’s 2015 gain marked the fourth consecutive year with job
growth of at least 3 percent, the longest streak since the mid-1980s.
With job growth outstripping the overall economy in each of the last 16
years, the eating-and-drinking-place sector saw its employment level
jump by 38 percent. In contrast, the total number of jobs in the economy
increased by only 10 percent during the same period.
Within the industry, job growth remained broad-based in 2015, with most
of the major segments posting solid gains. The
snack-and-nonalcoholic-beverage-bar segment – which includes concepts
like coffee, doughnut and ice cream shops – led the way with a robust
6.5 percent employment gain in 2015, the fourth consecutive year with
growth above 5 percent.
The quickservice segment added jobs at a 3.4 percent rate in 2015,
while the tableservice segment expanded payrolls at a 3.3 percent pace.
Looking ahead, the NRA expects eating and drinking places to add jobs
at a 3.0 percent rate in 2016, which will represent the fifth
consecutive year in which the restaurant industry registered job growth
of at least 3 percent.
In comparison, the overall economy hasn’t posted
job growth of 3 percent since 1994.
The projected 2016 increase will also represent the sixth consecutive
calendar year in which restaurants added more than 300,000 jobs.
For the national labor market, 2015 was the strongest year yet in the
aftermath of the Great Recession. The national economy added a net 2.9
million jobs on an annual basis in 2015, and the 2.1 percent employment
increase was the strongest gain in 15 years.To know more visit our site http://allindiayellowpage.com.