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Wednesday, October 23, 2013

"Peak Bartenders" - After A Record 42 Consecutive Months, Waiters Suffer First Monthly Job Decline

The last time employees in the "Food Services and Drinking Places" category experienced a monthly job decline was February 2010. Since then, for 42 consecutive months, the US eating and drinking industry went on an epic hiring spree without a single month of net layoffs, adding over 1 million workers and hitting an all time high 10.334 million workers, even as actual restaurant retail sales have recently tumbled  as a result of the middle-class US household once again running on fumes as a result of the Fed's disastrous wealth-transferring policies. Well, as the chart below shows, after 42 months of relentless hiring of bartenders and waitresses, we may have just hit "peak bartenders."

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