U.S. restaurants continue to struggle as the pandemic stretches on and stimulus talks in Washington stall. CNBC’s Kate Rogers reports the latest weekly trends in the industry.
The coronavirus pandemic has forced restaurant owners to get creative to keep their businesses afloat. Florida is among the few states that have allowed bars and restaurants to return to full capacity, but the overwhelming majority of eateries are still navigating how to attract as many customers as possible while obeying social distancing measures.
But seating customers outside also means reckoning with the weather and with winter fast approaching, dining outside will take a big hit.
New research from Gusto predicts that an impending winter slowdown has the potential to erase 2 million in job gains from September and August, or about $190 billion in economic activity, with retail trade and leisure and hospitality industries impacted the most. More aggressive estimates show that job losses could be as high as 2.8 million.