NYC’s hospitality sector faces labor shortage

The sudden loss of interest in the sector is due to the high weekly unemployment allowance people are receiving due to the pandemic. (Reuters)
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Updated 23 May 2021
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NYC’s hospitality sector faces labor shortage

  • According to website Joblist, hospitality job openings in New York have almost doubled in the last three months

NEW YORK: After more than a year of being hard hit by the coronavirus disease (COVID-19) pandemic, New York City restaurants reopened indoor dining to 100 percent capacity this week, but a shortage of hospitality workers has left some restaurant and bar owners scrambling.

Pat Hughes, owner of Manhattan bar Scruffy Duffy’s, which has been shuttered for more than a year, said the bar would not reopen until he finds a good bartender — but feared that with people earning more collecting unemployment benefits and pandemic assistance that may be difficult.

“If you’re unemployed, you’re receiving $750 take home (weekly). So if you are working in a bar or restaurant, you are not making that kind of money,” Hughes said.

Hughes said he would need to pay higher wages to attract employees, but those costs would be passed on to the consumer.

According to job search website Joblist, hospitality job openings in New York have almost doubled in the last three months. But the current level of interest in hospitality jobs in New York on the site is down more than 40 percent from its peak in June, during the first wave of reopenings.

Owner and Executive Chef Paul Denamiel of French restaurant Le Rivage in the Hell’s Kitchen neighborhood of Manhattan said many former hospitality workers had decided to leave the industry altogether.

“It was a hard industry to begin with,” he said. “So a lot of people were like, ‘Ugh is this really what I want?’ A lot of those longtime career hospitality people are just not there. They’re gone.”

Former bartender Aaron Kolatch, who worked for eight years at some of New York City’s most popular bars, is one of those people.

Kolatch decided to learn code as a hobby during the pandemic until bars reopened, but after signing up for an online introductory course on computer science, he realized he wanted to change careers to become a software engineer.


European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

Updated 02 March 2026
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European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

  • Analysts warn prolonged disruption could push prices higher
  • Some shipments of oil, LNG through Strait of Hormuz suspended
  • Benchmark Asian LNG price up almost 39 percent

LONDON: ​Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted production due to attacks in the Middle East.

Qatar, soon to cement its role as the world’s second largest LNG exporter after the US, plays a major role in balancing both Asian and European markets’ demand of LNG.

Most tanker owners, oil majors and ‌trading houses ‌have suspended crude oil, fuel and liquefied natural ​gas shipments ‌via ⁠the ​Strait of ⁠Hormuz, trade sources said, after Tehran warned ships against moving through the waterway.

Europe has increased imports of LNG over the past few years as it seeks to phase out Russian gas following Russia’s invasion of Ukraine.

Around 20 percent of the world’s LNG transits through the Strait of Hormuz and a prolonged suspension or full closure would increase global competition for other ⁠sources of the gas, driving up prices internationally.

“Disruptions to ‌LNG flows would reignite competition between ‌Asia and Europe for available cargoes,” said ​Massimo Di Odoardo, vice president, gas ‌and LNG research at Wood Mackenzie.

The Dutch front-month contract at the ‌TTF hub, seen as a benchmark price for Europe, was up €14.56 at €46.52 per megawatt hour, or around $15.92/mmBtu, by 12:55 p.m. GMT, ICE data showed.

Prices were already some 25 percent higher earlier in the day but extended gains ‌after QatarEnergy’s production halt.

Benchmark Asian LNG prices jumped almost 39 percent on Monday morning with the S&P Global ⁠Energy Japan-Korea-Marker, widely used ⁠as an Asian LNG benchmark, at $15.068 per million British thermal units, Platts data showed.

“If LNG/gas markets start to price in an extended period of losses to Qatari LNG supply, TTF could potentially spike to 80-100 euros/MWh ($28-35/mmBtu),” Warren Patterson, head of commodities strategy at ING, said. The British April contract was up 40.83 pence at 119.40 pence per therm, ICE data showed.

Europe is also relying on LNG imports to help fill its gas storage sites which have been depleted over the winter and are currently around 30 percent full, the latest data from Gas Infrastructure ​Europe showed. In the European carbon ​market, the benchmark contract was down €1.10 at €69.17 a tonne