Labor Market Healthy, Chipotle’s Turnaround Plan, Heavy Technology at Silicon Valley Pizza Place
March 29, 2018
A government study says the U.S. labor market remains healthy. Long a Wall Street darling, Starbucks now has stock analysts piling on. Chipotle Mexican Grill has an extensive turnaround plan. Silicon Valley pizza place relies heavily on technology. These stories and a whole lot more This Week in Foodservice.
The U.S. Bureau of Labor Statistics reports data from its December Job Openings & Labor Turnover study, also known as JOLT, was largely unchanged from November. This is generally good news given that the numbers were fairly strong throughout 2017.
The Bureau does not break out foodservice employment figures separately, instead combining them with the accommodation sector. Nevertheless, the study gives some indication as to the general health of the foodservice industry.
Job openings for accommodations and foodservice employers totaled 808,000 in December, up from November’s level of 773,000. The average number of job openings for the past five months was 762,000.
The sector hired 861,000 people in December, similar to November’s level of 855,000. Like the hiring data, the number of separations came in at 828,000 for December, which was similar to previous reports.