United States restaurant industry

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The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States.[1][2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees.[3] The industry as a whole as of February 2020 employed more than 15 million people, representing 10% of the workforce directly.[1] It is the nation's second largest private employer and the third largest employer overall.[4][5] It indirectly employed close to another 10% when dependent businesses such as food producers, trucking, and delivery services were factored in, according to Ohio restaurateur Britney Ruby Miller.[1] In Delaware and Massachusetts, one in ten workers is employed in the restaurant industry.[6][7] In North Carolina, 11% of workers are employed by the industry.[8] In Texas, 12% of workers were employed by the industry as of 2016.[9]

The effect of the 2020 coronavirus epidemic was in March 2020 projected to be $225 billion in losses.[10]

See also

References

  1. ^ a b c Brownfield, Andy (20 March 2020). "Cincinnati restaurants ask feds for coronavirus bailout". login.research.cincinnatilibrary.org. Retrieved 2020-03-22.
  2. ^ Ramirez, Elva. "The Restaurant Industry Needs A Coronavirus Bailout. Will They Get It?". Forbes. Retrieved 2020-03-22.
  3. ^ Mali, Meghashyam (2020-03-17). "Restaurant industry reeling under coronavirus". The Hill. Retrieved 2020-03-22.
  4. ^ Noguchi, Yuki (22 March 2020). "Closed All At Once: Restaurant Industry Faces Collapse". NPR. Retrieved 2020-03-22.
  5. ^ "Restaurant industry reeling from coronavirus". MSNBC. Retrieved 2020-03-22.
  6. ^ Ciolino, Nick. "Coronavirus in Delaware: Fallout from closing restaurants and bars". www.delawarepublic.org. Retrieved 2020-03-22.
  7. ^ "The Massachusetts Restaurant Industry at a Glance" (PDF). Massachusetts Restaurant Association.
  8. ^ "NC restaurant association launches health plan aiming to help hundreds of thousands of workers". www.bizjournals.com. Retrieved 2020-03-22.
  9. ^ "Restaurant Industry In Texas". www.txresto.com. Retrieved 2020-03-22.
  10. ^ Gangitano, Alex (2020-03-18). "Restaurant industry estimates $225B in losses from coronavirus". The Hill. Retrieved 2020-03-23.
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