State of the Industry

One of the many great presentations given at this week’s 20th Annual Multi-Unit Franchising Conference which concludes today in Las Vegas, was effectively a status report on the state of the franchising industry. Overall, the report by FranData CEO Darrell Johnson pointed to calm seas on the surface with much tumult churning below. As to…

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Economic Trends

As referenced above, BLS data now shows many industry-average wages exceeding the $15 per hour mark. Additionally, as we approach the September expiration of the unemployment premium benefit that is keeping many from returning to work, further data from the Bureau of Labor Statistics released a week ago shows there were 10.1 million job openings…

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Miscellaneous

FRANdata last week released its Franchise Business Economic Outlook 2020 and predicted that the franchise industry will continue with its economic boom throughout this year. The report, done in conjunction with the International Franchise Association (IFA), projects a 1.5% increase in the number of franchises, growing to over 785,000 by year-end. In addition, it projects…

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US Deficit Heading to $590 Billion!

When you consider the costs associated with the prior paragraph, is it any wonder why the US government is so deeply in debt? In a report just released last month, the CBO (Congressional Budget Office) projects that the Budget Deficit for 2016 will reach an astounding $590 billion, a full third larger than it was…

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