September Franchise Fact Sheet
Click to view the PDF here.
WASHINGTON– Oct. 16, 2013 –New data from ADP’s National Franchise Report (NFR) shows that the franchise industry created more than 15,000 jobs in September.
The restaurant, leisure, professional and personal services, and real estate industries were the primary drivers of job growth. While slightly down from last month, this level of growth is consistent with growth over the past 12 months.
While ADP’s September data was released, the monthly Franchise Business Index (FBI), typically calculated on a monthly basis, is delayed due to the government shutdown. The FBI relies on monthly data from the Bureau of Labor Statistics and other government reports, which are not available due to the government shutdown, to provide a snapshot of the economic health of the franchising industry.
“Franchise businesses nationwide continue to feel more uncertain each day that Washington does not resolve this government shutdown and debt-ceiling stalemate,” said Steve Caldeira, president & CEO of the International Franchise Association. “Franchise businesses are feeling the impact of the government shutdown with less customer demand for a variety of services, as well as the uncertainty about our Nation’s economic standing. We urge Congress to act immediately to increase the debt ceiling and open the government, and establish a long term budget agreement that gives business owners confidence to grow and create even more jobs.”
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