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

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


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...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


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