Restaurants in the US on hiring spree but restaurant sales are collapsing

Zero Hedge Watch

Restaurants in the US on hiring spree but restaurant sales are collapsing. Restaurants and bars are hiring staff at a near record level. These businesses have hired on average 50,000 new works per month over the past three months and now have over 10 million workers and make up 9% of private sector payrolls. This is confusing because restaurant sales are struggling. Restaurant sales fell by 1.2% in June, the largest drop since February 2008. Consumers are still struggling to find disposable income as going out is one of the easier activities to cut from a budget. (VIEW LINK)


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