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

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


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