Retail

More restaurant jobs and the stimulus package foreshadow the industry’s coming recovery

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Restaurants and bars gained 286,000 workers in February following several months of losing jobs, the latest sign that the industry’s recovery is on the horizon after a long, cold winter.

Freezing temperatures, coupled with a resurgence of new Covid-19 cases, hurt eateries at the end of 2020 and into the new year.

“So far in 2021, I would say that it looks worse than what it looked like in October, November,” said Rabobank senior analyst Amit Sharma.

But after harsh winter storms, warmer temperatures are starting to hit some parts of the country. Vaccine distribution, which started off sluggish, has rapidly picked up steam in the last month. More than 54 million Americans — about 16% of…



Source cnbc.com

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