An understatement, surely, but worth stating nonetheless: It is a darn difficult environment for restaurants today.
The economy hasn’t recovered since its downfall in 2008, consumer sentiment is skeptical at best and jobless claims remain too high, with the latest U.S. unemployment rate at 7.5 percent. While that was the lowest unemployment number in four years, pre-recession unemployment levels hovered at or below 5 percent. We’re just not back yet.
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Contact: Desiree Torres Desiree.Torres@penton.com
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