The rise in jobs for February was not bad for franchise establishments compared to other private non-farm businesses. That may be an early indicator that hiring in the overall U.S. economy is slowing down.
Franchise hiring grew by a robust 33,000 jobs from December to January in the United States, according to ADP Research Institute. It is the highest increase since February of 2018.
Franchises in the U.S. hired 29,000 more positions than the month before, according to ADP National Franchise Report.
Franchise establishments in the United States gained a modest 11,500 jobs in November. The hotel sector lost 1,500 jobs while restaurant hiring rose 9,900.
Having a tough time competing with large businesses in hiring, U.S. franchises had a weak gain in October of 13,000 jobs. Restaurant franchises and auto dealers hired the most in October.
Employment at franchised establishments in the United States fell by 5,700 jobs as other parts of the economy saw strong job growth in September.
After a couple of soft months, franchise hirings are back. Franchised establishments in the United States added a strong 29,500 jobs in May.