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Squeezed Restaurants Shed Jobs
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| Contributor | Jason |
| Last Edited | Jason Dec 09, 2008 09:44pm |
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| Category | News |
| Media | Newspaper - Wall Street Journal |
| News Date | Wednesday, December 10, 2008 03:00:00 AM UTC0:0 |
| Description | Restaurant jobs, a reliable fallback for many unemployed and immigrant U.S. workers, are shrinking almost as fast as tips left on tables.
The restaurant industry, one of the largest U.S. employers, is experiencing its longest period of job losses on record. Data released Friday by the Bureau of Labor Statistics show that food-service and drinking establishments shed jobs for five consecutive months through November. That's the biggest stretch since 1990, when the government began tracking such numbers. |
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