Oregon recession swallows restaurant industry

| Print |  Email
Archives - February 2009
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

Intrepid reporter checks out ZoomCare rebrand

The Latest
Wednesday, May 27, 2015
dentistthumbPHOTOS BY JASON E. KAPLAN

Like all good journalists, OB editorial staff typically eschew freebies. But health care costs being what they are, digital news editor Jacob Palmer couldn't resist ZoomCare's offer of a three-in-one (cleaning, exam, whitening) dental office visit, guaranteed to take no more than 57 minutes. 


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...

Eco Zoned

June 2015
Friday, May 22, 2015
BY HANNAH WALLACE

Travelers have always come to Oregon for its natural beauty. But will the increasing popularity of agritourism, European-style hiking getaways and forest resorts relax Oregon's notoriously strict land-use laws?


Read more...

Frothy Battle

June 2015
Friday, May 22, 2015
BY ROBERT MULLIN

Latest development in Nestlé plant saga sparks debate about the value of water.


Read more...

Man for All Seasons

May 2015
Monday, April 27, 2015
BY LINDA BAKER

A longtime technologist and entrepreneur, Dwayne Johnson, 53, is managing partner of PDXO/GlobeThree Ventures, a strategy and business consultancy in Portland.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

The ancient fish that stops bullets

The Latest
Friday, May 08, 2015
hagfishthumbBY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN

Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.


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