Food Service Industry Shows Strong Job Growth While Retail Was Down

The food services industry showed solid growth in employment, but still down 2.5 million jobs, says Phil Noftsinger of CBIZ, Inc. He says other industries such as accounting and construction are showing only mild growth. There were jobs lost in grocery stores, says Elizabeth Crofoot of The Conference Board. It takes time to make quality matches in the labor market between workers and employers, adds Elizabeth. Phil thinks we need to be careful in what type of fiscal policy is layered in, such as increased corporate tax rates.