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Franchises Add 16,160 New Jobs In August

According to ADP’s August National Franchise Report, 16,160 new jobs were added by franchises in August, up from last month’s 13,700.

Restaurants led the way in August with 8,742 new jobs added followed by auto parts and dealers, leisure, and accommodation industries. Meanwhile, gas stations and auto repair businesses lost 1,619 jobs.

In total, ADP reports that the franchise industry accounts for 8.03 million jobs. See the full industry breakdown below.

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Franchise Business Index Rises 0.4 Percent In August

The Franchise Business Index (FBI), an index of the economic health of the franchising industry, advanced 0.4 percent in August...