Franchises Outpace U.S. Job Growth As Unemployment Drops to 6-Year Low

Job growth tops franchise news and general economy news this week, with multiple reports showing strong gains on multiple fronts.

  • The U.S. generated 214,000 new jobs in October and dropped the unemployment rate down to a six-year low of 5.8%, according to Friday monthly federal report. It was ninth straight month of adding 200,000 jobs or more, a feat last accomplished in 1994. – MarketWatch
  • Earlier in the week, the ADP payroll reports showed franchises adding 16,970 jobs in the month of October, with the restaurant sector leading the hiring – Entrpreneur
  • Year-to-date hiring shows franchises adding jobs faster that businesses in general – Franchise Economy
  • The strong economic news caps a week where many saw Election Day results as a sign of voter anxiety over jobs and wages – New York Times



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