There can be little doubt that the labor market is tighter than it has been in many years, but if recent reports are accurate, it is still getting tighter! ADP released a national employment report this week showing that job creation has slowed somewhat despite 178,000 private sector (non-farm) jobs having been created in May. Franchise employment accounted for 29,500 of those new positions, of which, a full 80% (or 23,600 jobs) came from the restaurant industry. In response to the release of the ADP report, Mark Zandi, Chief Economist of Moody Analytics, analyzed it this way, “Job growth is strong, but slowing, as businesses are unable to fill a record number of open positions. Wage growth is accelerating in response . . . Finding workers is increasingly becoming business’ number one problem.” And, against that backdrop, we learned this week that Walmart is planning to subsidize online college tuition in order to attract and retain talented employees. The Arkansas-based giant announced this week that it would cover certain tuition and fees for both part-time and full-time workers!