Franchise Jobs Outgrowing Private Sector Jobs

Table: Blue MauMau Data: October 2013 ADP Research

ROSELAND, N.J. – Hirings among businesses that are small businesses or franchised continue to outpace private sector recruiting not only for October but for the past year. Franchise job hirings grew 2.6 percent compared to a rise of 1.8 percent for all private sector jobs, according to payroll provider ADP and its research division (see table below).

Franchise sandwich shop owner Keith Miller, who is also chairman of the Coalition of Franchisee Associations, says: “It is encouraging that the hirings by franchisees are up in October and the year. For true job growth, the numbers need to be higher than the growth in population. And this year it is.”

The population growth in the United States for 2013 is estimated to be 0.9 percent, according to the CIA’s World Factbook. The growth in franchise jobs or even private sector hirings were over that amount.

In this economy, franchised business hirings, of which the largest sector is restaurant hirings, is showing stellar growth.

The chief executive officer of the International Franchise Association points out how franchise hirings are more than the private sector as a whole but adds that things could be even better for franchised establishements. “Franchise businesses continue to outperform the economy, however the ongoing partisan gridlock associated with the government shutdown and debt ceiling debate, the lack of a long-term growth agenda and the continued anti-business regulatory environment is holding back what we believe would otherwise be a more robust recovery for the franchise and small business community,” says IFA President & CEO Steve Caldeira.


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