SALES FORECASTRestaurant sales in the Midwest are expected to increase by 3.7 percent in 2008, or just 0.1 percent after factoring in menu price inflation, the lowest predicted regional rise.That lackluster outlook can be blamed on several pockets of high unemployment stemming from the loss of 1.2 million manufacturing jobs since 2001 in states bordering the Great Lakes. Michigan’s unemployment rate of 7.7 percent as of last fall was the highest in the nation, according to the federal Bureau ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?