Is there really a recession in the restaurant industry? According to the Chief Economist of the National Restaurant Association, Bruce Grindy the answer is no. While there does seem to be some change in customer traffic trends and there are some issues for individual brands or stores the overall industry seems to present a better picture and here’s why.

Key Takeaways:

• According to data from the U.S. Census Bureau, total eating and drinking place sales were up 6.0 percent on year-to-date basis through July 2016
• The number-one driver of restaurant sales is a healthy labor market
• A healthy labor market also gives workers the confidence and ability to leave one job for a higher paying job somewhere else.

“The number-one driver of restaurant sales is a healthy labor market.”

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