bannerFranchisor Spotlight

U.S. Franchise Job Gains Slow Down in November

The industry introduced 25,600 jobs last month, but this year’s gains have already exceeded 2014.

By Nick Powills1851 Franchise Publisher
SPONSOREDUpdated 2:14PM 12/02/15

In November, United States-based franchisees added 25,600 jobs—nearly half of what they added in October, which saw growth of 52,600. But despite the lower numbers this month, the industry is still closing out the year on top.

“Twenty fifteen has been a year of very strong employment growth for franchises as evidenced by the fact that gains have already exceeded last year by around 50,000 jobs,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute. “Plus, the 12 month franchise employment growth rate of 4 percent is double the labor market as a whole.”

According to ADP, restaurants added the most jobs last month, with a total of 15,060—or 59 percent of the total jobs. Auto parts and dealer franchisees were the second-biggest contributor, adding 6,630 jobs.

In contrast, gasoline stations and auto repair shops saw jobs diminish by 280—the most out of any franchise category.

Click here to read the original article.

MORE STORIES LIKE THIS

NEXT ARTICLE