1851

May’s job report arrived Friday, and the numbers are, somewhat shockingly, promising. After two months of catastrophic losses, economists predicted another gloomy report for May, so it was to the surprise of just about everyone that <a href="https://www.bls.gov/news.release/empsit.nr0.htm?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-mays-surprising-jobs-report-means-for-foodservice-franchises-2713242" target="_blank" rel="nofollow">the U.S. Department of Labor reported that unemployment fell from 14.7 percent in April to 13.3 percent in May</a>, with a gain of 2.5 million jobs.The news is particularly good for the hospitality sector, including thousands of foodservice franchise brands that took massive hits throughout March and April. Hospitality accounted for the most dramatic gains in Friday’s report, seeing a 14.4-percent jump in jobs.&nbsp;Those gains may point toward an optimism among business owners and consumers alike that foodservice spending will return this summer.&nbsp;But while franchisors should be heartened by that outlook, they are nowhere near out of the woods yet. <a href="https://www.nytimes.com/2020/06/05/business/jobs-report-stock-market-coronavirus.html?action=click&amp%3Bmodule=Top+Stories&amp%3Bpgtype=Homepage&utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-mays-surprising-jobs-report-means-for-foodservice-franchises-2713242#link-2479a03d" target="_blank" rel="nofollow">As the New York Times points out</a>, “trillions of dollars in government assistance that have helped keep the economy on life support <a href="https://www.nytimes.com/2020/05/28/business/economy/coronavirus-stimulus-unemployment.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-mays-surprising-jobs-report-means-for-foodservice-franchises-2713242" target="_blank" rel="nofollow">may be nearing their end</a>.”Still, it’s hard not to be excited by any sign of recovery in the hospitality sector, whose viability as a whole was thrown into question at the nadir of the coronavirus crisis. Now that states across the U.S. have begun to reopen, industry pros will be looking eagerly to the June report to see if reopenings continue to push gains in the sector.

What May’s Surprising Jobs Report Means for Foodservice Franchises

1851 Franchise

The economy saw 2.5 million jobs added in May, with the biggest gains in hospitality.

what-mays-surprising-jobs-report-means-for-foodservice-franchises

Children's Lighthouse

Children’s Lighthouse Ramps Up Growth in First Half of 2025 With Strategic Expansions, Franchise Signings, and New Headquarters

childrens-lighthouse-ramps-up-growth-in-first-half-of-2025-with-strategic-expansions-franchise-signings-and-new-headquarters

Right at Home

Right at Home® Named a 2025 Top Franchise Brand for Multi-Unit Owners by Entrepreneur Magazine

right-at-home-named-a-2025-top-franchise-brand-for-multi-unit-owners-by-entrepreneur-magazine

Dog Training Elite

Dog Training Elite -Tips-to-Ease-Dog Anxiety-for-4th of July- July-2025

Dog Training Elite Shares Tips To Ease Dog Anxiety for 4th of July

tips-to-ease-dog-anxiety-fireworks-4th-of-july

Melting Pot

Photo of interior of Melting Pot restaurant

Lexington Herald Leader: This Restaurant Chain Eyes a Return to Lexington After 10 Years

melting-pot-return-to-lexington

Keke's Breakfast Cafe

Keke's Breakfast Cafe - John and Kimberly Ehrhard - 1851 Franchise

Empowering Leadership, One Pancake at a Time: How John and Kimberly Ehrhard Are Building a Franchise Legacy with Keke’s Breakfast Cafe

john-kimberly-ehrhard-kekes-franchise

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

What May’s Surprising Jobs Report Means for Foodservice Franchises

MORE STORIES LIKE THIS