P.F. Chang's CEO Damola Adamolekun discusses the impact of staffing shortages and how the company's digital ordering business is no longer a pandemic trend.
"You look at kind of pre-pandemic to now, you know, the labor participation is down materially. It’s down from about 63.5% to 62.3% in the latest jobs report. So that’s almost 2 million people that left the labor force," Adamolekun explained.
P.F. Chang's CEO joined FOX Business'"Varney & Co." on the same day the May jobs report was released. The reason for the ongoing worker shortage remains unknown, however many have criticized the abundant amount of government stimulus checks for sluggish labor participation. "We’re still understaffed in some locations, and it holds us back… so there’s a handful of locations where we’re running limited hours or dinner only or closing on certain days," Adamolekun said.
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