Home Archives February 2009 Oregon recession swallows restaurant industry

Oregon recession swallows restaurant industry

| Print |  Email
Sunday, February 01, 2009
Oregon’s full-service and limited-service restaurants provide about one out of 15 jobs statewide, more than 118,000 jobs combined in August 2008. Last summer, employment in both industries was similar to their levels of one year earlier. But as fall arrived, employment dropped. In November, full-service restaurants provided 2,500 fewer jobs than one year earlier. Limited-service restaurants employed 2,300 fewer. Bill Perry, VP of the Oregon Restaurant Association, said, “three or four weeks ago the restaurant business just dropped off,” as reported by oregonbizreport.com in early December. When consumers feel the weight of declining home values, shrinking retirement accounts, falling stock values and increasingly tenuous job markets, they cut back on discretionary dining. This puts bottom-line profits and restaurant employment prospects across the state on a diet. Oregon is not alone. The Bureau of Labor Statistics reported that, as of November, U.S. food services and drinking establishments had lost jobs for five straight months, the longest string of consecutive losses since 1990, when the data series began.


GUY TAUER
WorkSource Oregon employment economist
0209OEDcharts.png

 

More Articles

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
14BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS