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Jobs Dip as Local Businesses Struggle | Durham News
Description
The latest jobs report reveals a troubling trend: leisure and hospitality is bleeding jobs for the second straight month, with 23,000 nationwide lost in July. Sixty-two percent of Americans are cutting back on dining to pay bills, squeezing small businesses. Richie Reno, a veteran bar owner, pivots his patio into an event rental space to stay afloat. Meanwhile, Raleigh mourns the shuttering of two iconic spots—Carolina Cafe after 30 years and Endless Grind, a skating staple for 40, now moving online. But there’s hope: economists highlight the Triangle’s skilled workforce and tech sector gains as potential anchors through economic turbulence.
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