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Stocks shot up and investor sentiment inched higher on Monday, the first day of trading since the <a href="https://www.bls.gov/news.release/pdf/empsit.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409" target="_blank" rel="nofollow">Good Friday blowout jobs report</a> showed the U.S. economy adding 916,000 jobs in March with 280,000 of those coming from the leisure and hospitality industry.&nbsp;From the <a href="https://www.bls.gov/bls/newsrels.htm?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409#major" target="_blank" rel="nofollow">Bureau of Labor Statistics</a>:&nbsp;<blockquote>In March, employment in leisure and hospitality increased by 280,000, as pandemic-related restrictions eased in many parts of the country. Nearly two-thirds of the increase was in food services and drinking places (+176,000). Job gains also occurred in arts, entertainment, and recreation (+64,000) and in accommodation (+40,000). Employment in leisure and hospitality is down by 3.1 million, or 18.5 percent, since February 2020.</blockquote>Business Insider was bullish on the sector’s performance, crediting <a href="https://1851franchise.com/restaurants-brace-for-post-pandemic-pent-up-demand-2715220">pent-up demand</a> for dining out with bolstering the economy in an article titled: “<a href="https://www.businessinsider.com/restaurant-job-gains-march-millennials-dining-out-avocado-toast-2021-4?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409" target="_blank" rel="nofollow">Avocado toast will save the economy</a>.”The strong jobs numbers fit with a January survey from <a href="https://qsrmedia.com.au/research/news/restaurant-owners-increasingly-optimistic-about-business-year-deliveroo-report-says?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409" target="_blank" rel="nofollow">Deliveroo’s latest HospoVitality Index</a> Report which indicated that 81% of restaurant owners surveyed had plans to hire more staff.&nbsp;In fact, restaurants may <a href="https://theweek.com/articles/892385/theres-easy-solution-fast-food-labor-shortage?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409" target="_blank" rel="nofollow">now be struggling to hire workers fast enough</a> as the federal government’s expanded Unemployment Insurance benefits continue and <a href="https://1851franchise.com/small-businesses-bash-politicians-after-states-lift-covid-19-restrictions-2715180">COVID-19 restrictions on dining capacity lift</a>.&nbsp;However, federal cash has certainly found its way into the restaurant industry’s coffers. Stimulus payments have consistently resulted in a <a href="https://1851franchise.com/stimulus-checks-inspire-viral-franchise-buying-tweets-2715254">bump in QSR sales</a> and small businesses in the sector will <a href="https://1851franchise.com/when-businesses-can-claim-286-billion-in-restaurant-relief-grants-2715265">soon be able to claim $28.6 billion in grants</a> from the <a href="https://restaurant.org/downloads/pdfs/advocacy/understandingrrf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-fuel-blowout-jobs-report-stocks-surge-2715409" target="_blank" rel="nofollow">Restaurants Revitalization Fund</a>.Restaurant stocks that saw a major lift on Monday included Chipotle and McDonald’s.&nbsp;

Restaurants Fuel Blowout Jobs Report, Stocks Surge

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Restaurants Fuel Blowout Jobs Report, Stocks Surge

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