The ADP National Franchise Report states that the franchise industry added 26,000 jobs to the U.S. economy in September 2016. This is good news for franchising (an important engine of national growth) and the economy in general.
In a press release, Ahu Yildirmaz, vice president and head of the ADP Research Institute, said “[j]ob gains in September eased a bit when compared to the past 12-month average. We also observed softening this month in trade/transportation/utilities, possibly due to a continued tightening U.S. labor market and lackluster consumer spending.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The current record of consecutive monthly job gains continued in September. With job openings at all-time highs and layoffs near all-time lows, the job market remains in full-swing. Job growth has moderated in recent months, but only because the economy is finally returning to full-employment.”