The Restaurants folks eat in as an economic indicator…
The New York Times has pointed out that…
…when Americans feel better about their finances, they are more likely to eat at restaurants with full service, including bringing the food to the table, rather than at restaurants with limited service. At the moment, both the restaurant sales and the falling unemployment rate indicate the economy is doing better than the Gross Domestic Product figures would seem to show.
Here are the stats:
So where have you been eating lately? I’ve been going over our cc receipts for the last month or so and discovered that my wife and I fit right in with this recovery crowd… we don’t eat at fast food joints at all and our sit-down restaurant visits have been predominant.
Where have you been eating?
Posted on March 19, 2012, in Announcement, budget, Business, Economics, Family, Finance, food, News, Opinion, Press, quote, Restaurants, Word from Bill and tagged Business, Business and Economy, Eating, New York, New York Times, Restaurant, unemployment, United States. Bookmark the permalink. 2 Comments.