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Economic Pessimism Grows as New Jersey Restaurant Operators Endure Weaker Business Conditions

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Anti Business Murphy Administration is Taking its Toll

the staff of the Ridgewood blog

Ridgewood  NJ,  Soaring costs of food and utilities coupled with an ongoing hiring crisis are among the key issues impacting the industry that is still recovering from shutdowns and guest capacity limitations during the Covid-19 pandemic, according to a new survey released today by the New Jersey Restaurant and Hospitality Association (NJRHA).

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New Jersey Restaurant Industry Faces “Tipping Point “

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the staff of the Ridgewood blog

Ridgewood NJ, according to the National Restaurant Association the number of restaurants in America that will close their doors for good could be as many as 10,000 in the next three weeks. The National Restaurant Association is lobbying Congress to pass new stimulus efforts that can stave off restaurant closures as the pandemic continues and perhaps reverse some of the 110,000 closures that have already occurred in 2020.

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Restaurant Industry Has Lost Two-Thirds of Workforce

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the staff of the Ridgewood blog

Ridgewood NJ,  From beloved corner diners, to favorite independent restaurants to well-known chains, the entire restaurant industry has lost two-thirds of its workforce, more than eight million employees, as a result of COVID-19 closures, according to a new national survey conducted by the National Restaurant Association and included in a new industry recovery plan sent to Congress today.

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