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Franchise Sector Job Growth Positive in February

Franchises added 18,500 jobs in February

By Nick Powills1851 Franchise Publisher
SPONSOREDUpdated 9:09AM • 03/11/16
Franchise sector job growth increased by 18,500 in February, according to the February 2016 ADP National Franchise Report. Several industries showed positive growth in February, including food retailers (up 0.4 percent from January), restaurants (up 0.3 percent from January), accommodations (up 0.3 percent from January) and real estate (up 0.2 percent from January).

February’s metric is a bit down from January’s growth of 20,000, but Ahu Yildirmaz, vice president and head of the ADP Research Institute, said several industries within the sector helped overall job growth stay positive.

“Though franchise employment growth declined a bit from January, accommodations rebounded into positive territory replacing most of the jobs lost in that sector last month,” Yildirmaz said. "Restaurants continued as the biggest employment driver among franchises,"

Franchise job growth has been strong the last few months and strong consumer spending is expected to help accelerate that trend.

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