In a bright sign for all industries, jobless claims in the U.S. declined unexpectedly last week to hit 253,000, the lowest since November of 1973. Jobless claims are a measure of the number of Americans filing for unemployment, and their decrease indicates employers that are upbeat about the economy, increasing hiring and expanding employee headcount.
The number of continuing claims from those already receiving unemployment benefits also fell, and for 58 consecutive weeks claims have been below the 300,000 level that economists say is typically consistent with an improving job market. Data from the labor department also indicates more employees voluntarily leaving their jobs, indicating confidence that they will be able to find another.
Besides the economic growth that brings revenue to small businesses, a decrease in claims also means lower rates of unemployment insurance – good news all around for the hospitality industry.
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Vanilla often gets a bad rap as the most boring flavor, but ice cream connoisseurs know that it’s still an irreplaceable necessity in the vast majority of varieties. This makes the news even more troubling that a vanilla shortage is driving supply down and prices up just in time for the warm weather.
The food delivery market is a crowded one, with new competitors emerging every day. Grubhub, which owns Seamless, may control a large portion of that market, but all that competition took a toll last year. In 2015, the company’s growth slowed significantly and their stock value followed suit. In response, Grubhub declared that they would move from handling logistics only to actually delivering the food.
It is now nearly impossible to ignore meal-kit companies like Blue Apron and Hello Fresh, which continue to plaster subway cars with advertisements and encourage huge investments to start-up competitors. The latest is Hungryroot, a meal-kit delivery company that wants to fill several niches at once: healthy, vegetarian, and quick.
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