According to this week’s very weak retail sales report, Food-service sales fell 1.2% in June, the largest decline since February 2008 and the year over year change in “eating out” rose by just 3.1% – the lowest annual increase since June 2010. But at least all those empty restaurant seats have a record number of waiters catering to the non-existent clients which on the surface should mean the speediest service in history.
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Looks like the restaurant hiring boom may be going bust.
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