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 …
franchise news
Franchise Industry Asks NLRB To Disclose Its Joint-Employer Reasoning
The International Franchise Association says it has asked the National Labor Relations Board to disclose how it concluded that franchisors could be considered joint employers in labor disputes at local franchise locations. An NLRB memo earlier this year warned McDonald’s that it could be jointly liable with local franchise owners if labor disputes at some locations were …
Economy Surges As Consumer Confidence, GDP Beat Expectations
The economic outlook surged this week, with consumer confidence and the gross national product both leaping forward. And while personal spending slowed last month, personal income and consumer savings are on the rise. All are positive signs for the economy in general, and all bode well for growth in franchising and small businesses. Consumer confidence rose …
Mobile Internet Kickstarts Small-Business Growth — 54% of Franchise Leads Start With Phones, Tablets and Apps
Atlanta, GA – (October 16, 2014) – Small-business owners and entrepreneurs are mobilizing – literally – to invest in new franchise opportunities as the U.S. economy enters a post-recession growth phase. They are “mobilizing” online, using smartphones and tablets to search for franchise investment opportunities through mobile websites and apps. More than half of franchise-recruitment …
Interest In Buying a Franchise Surges 35%, Up For Third Straight Quarter
Norfolk, VA – Interest in buying a franchise continues to build momentum this year, with visits to the largest franchise-investment websites surging higher in the third quarter. Third-quarter traffic grew 41.6% over last year to sites like FranchiseGator.com, FranchiseSolutions.com, FranchiseOpportunities.com and Franchise.com, according to according to internal analytics data. Q3 grew 32.8% over Q2 of this year. Serious franchise …
Calif. Court Upholds Franchise Model As New Challenges Loom
The franchising industry has won support from the California Supreme Court in ruling that says local franchise owners are responsible for their employment practices, not the franchisor chain. At the same time, the National Labor Relations Board continues to weigh “joint employer” status for McDonald’s in other disputes, and union organizers plan fast-food strikes this week …