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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. Franchised restaurants and auto dealers had the greatest net gain of employees, while franchised hotels lost the most.

Private sector small business employment also had a robust gain of 79,000 hires in October, with 47,000 of those gains coming from the service providing sector.

"The job market remains healthy and hiring bounced back with one of the best performances we've seen all year," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.  “Although the service providing sector was hard hit last month due to the weather, we saw significant growth in professional services, especially in the higher paid professional technical jobs. Additionally, small businesses rebounded well from the impact of Hurricanes Harvey and Irma, posting very strong gains.”  

Overall, U.S private sector employment last month gained a strong 235,000 jobs, according to the ADP National Employment Report.

Mark Zandi, chief economist of Moody’s Analytics, said: "The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma. Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust."

      ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in October

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