Results tagged “loss”

Recent data released by the Bureau of Labor Statistics shows how badly the restaurant industry is being battered by the recession. Eateries and bars shed jobs for five consecutive months through November, which is the longest stretch of downsizing since the government began tracking the info in 1990. 66,500 jobs have been lost since July, and George Prassas at the Labor Department tells the Wall Street Journal that the extended decline is "definitely something different than what the food-service industry's used to." To personalize the article (and bum everybody out), the Journal tells the sad story of one unemployed waitress on Long Island:

Dawnmarie Capuano, with 14 years of experience as a waitress, hostess and restaurant manager, was earning as much as $200 a night in tips between two jobs at an Italian restaurant and a pub.

Continue reading "Dining Industry Doing Even Worse Than Expected"

New York City's Department of Finance is projecting that real estate values in the city will remain nearly flat this fiscal (ending September) year. More precisely, it expects only a 1.4% increase in property values, versus an 18% climb this past year.