In all, the franchise growth rate year-over-year stands at 3.9%.
Franchises cover a wide range of industries including restaurants, auto dealers, gas stations, personal services, business services, real estate, professional services, rentals, education, and hotels among others.
Highlights
Here is a look at some of the report highlights (link to full report at bottom):
RESTAURANTS DOMINATE
Restaurants make up a whopping 72% of the employment figures, adding 18,800 jobs in September. By comparison, the next highest category – Auto Dealers – contributed just 14% to the monthly growth.
GROWTH AMONG PERSONAL SERVICES
The only double-digit gainer year-over-year is the Personal Services industry, at 14.5%. In this category restaurants come in a distant second, at just 5.8%.
HOTEL INDUSTRY CONTINUES TO LAG
The hotel industry has constantly shown anemic numbers, including negative growth in 4 of the past 9 months.