America’s one million restaurants will continue to be a leading job creator in 2015, according to the National Restaurant Association’s 2015 Restaurant Industry Forecast released today. While the operating environment will remain challenging, total restaurant industry sales are expected to reach a record $709.2 billion in 2015— a 3.8 percent increase over 2014, marking the sixth consecutive year of real sales growth for the industry.
This year will also mark the 16th consecutive year in which restaurant industry employment will outpace overall employment growth. Restaurants will employ 14 million individuals this year as the nation’s second-largest private sector employer, representing about 10 percent of the total U.S. workforce.
“Our nation’s restaurants continue to be an essential part of Americans’ daily lives and play a vital role in every community across the country,” says Dawn Sweeney, president and CEO of the NRA. “Although operators will continue to face a range of complex challenges in 2015, the restaurant and foodservice industry remains a fundamental driver of the nation’s economy while providing valuable careers and opportunities to 14 million Americans.”
“With the economy slowly improving and national employment trending upward, signs are pointing in the right direction for restaurant industry growth,” says Hudson Riehle, senior vice president of research for the NRA. “Certain components of the business climate remain a challenge, accelerating industry sales in some regions and putting a damper on them in others, but the overall industry is definitely in a better place now than several years ago.”
The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website.