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Economic news

Competition for Workers Heated Up in January, Franchise Hiring Slowed Down

U.S. franchise establishments added 19,700 jobs in January 2018, according to the ADP Research Institute. That is the lowest rise in hiring for franchises since September of 2017. It falls in the range of average and slower than its counterparts of small businesses and private sector employment.

Franchises Continue Robust Hiring Trend in December 2017

Hiring shows no sign of relaxing. Franchised establishments in the United States added 27,300 jobs in December, according to the monthly ADP National Franchise Report.

Franchise Employment Robust in November

Franchise hiring, interviews on TuesdayHiring by franchised establishments increased by a robust 28,300 jobs from October to November, according to the ADP National Franchise Report that was released yesterday. That follows October's 16-month high of 31,100 hires for franchised businesses. These high employment increases show a continuing positive trend, but it also represents a labor market that has become considerably tighter for employers seeking talent.

U.S. Third Quarter GDP Bumped Up to 3.3 Percent

The Bureau of Economic Analysis of the U.S. Department of Commerce today announced it has adjusted the real gross domestic product to have grown at 3.3 percent in the third quarter of 2017, seasonally adjusted.

Strong Franchise Hiring in October after Hurricanes Harvey and Irma

Hiring among franchised establishments in the United States added a robust 30,600 jobs in October, according to a November 1 report by payroll processor ADP.

Leading Economic Index Dips for First Time in 12 Months

A leading economic index for the United States surprisingly dipped for the first time in 12 months.

Franchise Hiring Softens in September; Small Businesses Lose Positions

Now hiringFranchise hiring in September was soft, with franchised establishments only increasing their hiring by 14,000 jobs. That is below average and the softest gain since April’s one-time drop of only 4,800 franchise jobs, which was followed by months of robust hiring gains.

Hiring Toughens as Franchises Show Strong Gains Again in August

The change in U.S. franchised employment increased by a solid 21,200 hires in August, according to ADP Research Institute. August's figure is a strong hiring performance for franchised establishments but falling below July's even more robust growth of 26,600 franchise jobs.

Franchise Hiring Strong in July with Gain of 26,600 Jobs

Employment from franchised establishments increased by a strong 26,600 jobs in July, according to ADP National Franchise Report. Hotels, auto dealers and restaurants made up the lion’s share of the hiring.

Labor Market Becomes Even Tighter in June

American franchised establishments increased their hiring by 18,800 jobs for the month of June, according to ADP Research Institute. Restaurants hired 11,000 more, followed by 6,300 from auto and parts dealers. Hotels also raised their job hiring by 2,400.