Restaurant Staff Shortages Are Easing in Shift for US Labor Market [Business News Network (BNN) (Canada)]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Business News Network
National chains including Del Taco Restaurants Inc., Portillo's Inc. and Chipotle Mexican Grill Inc. say it's getting easier to find employees, with their staffing at or above pre-Covid levels. Across the country, employment at food and drinking places is quickly approaching what it was in early 2020, Labor Department figures show. The turnaround signals a major shift for the US labor market — and a significant boost for foodservice providers, which struggled to bring workers back after layoffs in 2020. For now, it may mean an end to, or at least an easing of, restaurant and dining-room closures due to a lack of staff. And perks such as $200 signing bonuses for entry-level employees are likely harder to come by as rampant inflation and the end of government stimulus push more Americans back on the job. “It's much better now, finding people, than it was,” Tim Hackbardt, chief marketing officer for Del Taco, said in an interview. “That's improved dramatically. It's less of somethin
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/29/24 - Form 4
- CMG's page on the SEC website