By Christopher Rugaber
Associated Press (AP), July 8, 2022
WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation’s job market. ...
John Schall, the owner of a Boston-based Tex-Mex restaurant chain called El Jefe’s Taqueria, is enjoying strong sales growth and says he’s optimistic about his business. He plans to open his eighth restaurant next week in Pittsburgh. Schall has hired five managers there and will add up to 30 hourly workers.
Having opened six stores in the chaotic two years since the pandemic struck, he is relatively unfazed by inflation and supply chain problems.
“All of them are issues, but overall, I couldn’t be more excited about where we’re at and where we’re going,” Schall said.
Rising prices have eroded his profits, he said, but he thinks inflation will prove temporary, so he isn’t planning price increases beyond one he imposed nine months ago. ...
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