The Great Resignation is beginning to create even more havoc for thinly staffed restaurant chains trying to rally back from being hammered during the pandemic.
This week, the Bureau of Labor Statistics reported that quits rates in the food service industry hit 6.8%, compared to an overall quits rate of 2.9%. Guggenheim analyst Gregory Francfort notes the quits rate for food service is well above the 5% peaks seen in quits in 2006 and 2019, and 4.1% average over the past 20 years.
Nearly…
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