MRM News Bites: Recession Fears, Food Allergy App and More on This Week’s Plate

13 Min Read By MRM Staff

Each week, Modern Restaurant Management magazine compiles restaurant industry headlines in MRM News Bites. Send items of interest to Content Director Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

Restaurant Recession Fears OverblownContinued labor market strength means fears that the restaurant industry is in a recession are overblown, according to the National Restaurant Association’s Chief Economist Bruce Grindy.  His Economist’s Notebook commentary and analysis appears regularly on Restaurant.org and Restaurant TrendMapper.

Job growth surprised to the upside for the second consecutive month, based on preliminary figures released by the Bureau of Labor Statistics.  The economy added a net 255,000 jobs on a seasonally-adjusted basis in July, which came on the heels of a robust gain of 292,000 jobs in June.

The two-month print of 547,000 jobs was the strongest since the last two months of 2015, and was well above the average gains of 151,000 jobs during the…