Job growth tops franchise news and general economy news this week, with multiple reports showing strong gains on multiple fronts.
- The U.S. generated 214,000 new jobs in October and dropped the unemployment rate down to a six-year low of 5.8%, according to Friday monthly federal report. It was ninth straight month of adding 200,000 jobs or more, a feat last accomplished in 1994. – MarketWatch
- Earlier in the week, the ADP payroll reports showed franchises adding 16,970 jobs in the month of October, with the restaurant sector leading the hiring – Entrpreneur
- Year-to-date hiring shows franchises adding jobs faster that businesses in general – Franchise Economy
- The strong economic news caps a week where many saw Election Day results as a sign of voter anxiety over jobs and wages – New York Times