Smartphones are growing at an even faster rate this year as the No.1 way that franchise prospects begin their investment process. After several years of single-digit growth, the smartphone share of new franchise inquiries grew 12% over the past 12 months – reaching a full 73% of Internet inquiries originating on a mobile phone. That’s …
franchise news
Franchises Add 26,000 New Jobs as U.S. Jobs and Wages Soar
U.S. franchise owners hired at an above-average pace in January while the U.S. economy outstripped expectations with 257,000 new jobs created and a gain in wage growth. The pace of hiring is one of the best economic indicators – it not only predicts future consumer demand, but it is a key indicator giving prospective franchise …
Lawsuit May Test McDonald’s ‘Joint-Employer’ Franchise Designation
A new wrongful-termination lawsuit brought by 10 former McDonald’s workers in Virginia may test last year’s efforts by the National Labor Relations Board to classify McDonald’s corporate entity as a “joint employer” responsible for its franchisee’s local operations. One former NLRB member has said that the NRLB’s “joint employer” designation was bound to spark such lawsuits but said …
Franchise Industry Expects To Grow Faster Than U.S. Economy in 2015
Franchise businesses are expected to grow and create more jobs at a faster pace than the rest of the economy in 2015 for the fifth consecutive year, according to the International Franchise Association’s annual Economic Outlook report for 2015. But worries about Washington changing federal regulations continue to dampen the industry’s outlook, and could hold …
Franchises Add 38k Jobs in Dec., Outpacing Broader Economy
U.S. private-sector franchise jobs increased by 38,000 during the month of December, growing faster than the rest of the economy. with restaurants doubling the number of new The ADP National Franchise Report, drawn from payroll data, also saw restaurant franchises add twice as many jobs as the previous month. “At 3.4% for 2014, franchise job …
Economic Climate Strong for Franchise Investment As Year Draws to a Close
The U.S. economy continued to log strong gains this month, painting a picture of growth amid positive signs for small-business and franchise investment in the new year. Topping the list of franchise news is the big picture for the U.S. economy, which accelerated to its highest pace of growth in the past 11 years during …