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Stock impact report

These restaurant chains have raised hourly wages or offered bonuses to attract workers [MSNBC.com]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: MSNBC.com
In this articleAn O Garden restaurant in Times Square in New York.Richard Levine | Corbis | Getty ImagesAs bars and eateries struggle to staff up, several large restaurant chains have announced higher pay to entice workers to apply and stick around.Eating and drinking places added more than half a million jobs from March through June, according to the Department of Labor. But the unemployment rate for the industry remains elevated, hitting 10% in June, up from 9% the previous month. And warmer weather typically ushers in higher demand for restaurant meals anyway, putting more pressure on employers to add to their workforce.Enrique Lopezlira, the director of the low-wage work program at the University of California Berkeley Labor Center, said that the lack of access to child care and safety concerns are keeping many workers out of the labor force, particularly women."Raising wages is good, and it will attract workers, but we're also seeing in the data, higher rates of quitting in these Show less Read more
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