Nearly 40% of restaurant owners couldn't pay rent in June, new survey finds

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A new survey has found that 39 percent of US restaurant owners were unable to pay rent in June.

Spencer Platt/Getty ImagesThese numbers are better than in May, but still paint a bleak picture for the recovering industry.See more stories on Insider's business pagePandemic restrictions are easing, but restaurants are still suffering. 39 percent of restaurants were unable to pay June rent, according to a new survey from theAlignable is an online network for small businesses with 6.5 million members, and it releases monthly statistics based on surveys.

The high quit rate is an"indication that restaurant sector employees are leaving their jobs to pursue higher wage rate opportunities – in both other sectors and other restaurant concepts," Gordon Haskett's analysts said in a report. Restaurants and stores are looking to staff up and return to normal as COVID-19 restrictions lift and the country slowly reopens. Hiring has been difficult for many companies, which have reported a lack of candidates for open positions. Many businesses are offering

 

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COVID is clearly still affecting small business owners, specifically the restaurant industry. We're hopeful that brighter days are right around the corner as more cities continue to lift restrictions!

Might have been a good idea to focus the pandemic relief money to these type of companies and their employees who lost customers.

Same in India

Why would you do a national survey on this given the varied approach to handling COVID multiple govenors have had? My guess is that the results are not great for your narrative.

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