Restaurant Market Share Hit New High when Compared to Grocery Shopping in October
According to U.S. Census Bureau data, restaurants earned a 56.4% market share in October compared to groceries and supermarkets occupying the remaining 43.6% market share. This marks a new all-time high for the restaurant industry. Many return-to-office policies and requirements may be a significant driver of this growth.
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Restaurants in Texas Trying to Make Child Care More Available
A Texas Restaurant Association, Employers For Childcare (E4C), is pushing to make child care more available, accessible, and affordable for restaurant employees. E4C has proposed a plan that would reduce the price of child care and increase its availability, addressing many issues that employees with children face.
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Department of Labor’s Overtime Rule Overturned, Lowering Overtime Pay Threshold
The Department of Labor’s overtime rule that had plans to increase the minimum overtime salary threshold from around $35K to $44K to $59K has been overturned by a federal judge in the Texas Eastern District Court. The threshold is now back to $35K, alleviating some of the pressure employers were seeing.
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October Job Growth Remained Relatively Flat, Only Adding 3,700 Jobs Nationally
In the restaurant industry, job growth is down significantly from September to October. September saw the industry add about 39,300 jobs – that figure is down to only 3,700 jobs added in October. This number is unusually low as the foodservice industry typically sees peak hiring between September and November.
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Starbucks Partnering with DoorDash to Now Offer In-App Delivery
Starbucks is partnering with DoorDash to bring delivery to the Starbucks app for the first time ever as well as to the DoorDash app. This feature is available in the U.S. and Canada for iOS and Android users.
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