Restaurants Plead For Government Bailout As States Roll Back Reopenings

At least 20,000 U.S. restaurants have shuttered for good since the coronavirus pandemic began, and restaurant owners across the country are ringing the alarms that many more could follow without an industrywide bailout.

Since the start of the pandemic, restaurant operators across the nation have lost $120B in revenue, according to the National Restaurant Association. Nearly half of all food and beverage employees lost their jobs in April, according to the Bureau of Labor Statistics, and unemployment in the sector in June was still over 24%.

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RSK: This is a tough situation indeed. Even if we roll out a vaccine I think people will be reluctant to return to restaurant dinning for quite awhile going to be a long haul and I think 1/4 won`t be able to hang on.



- - Volume: 8 - WEEK: 29 Date: 7/14/2020 9:17:48 AM -