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Previous: Is Your Franchisor Obtaining Franchisee Financial Reports?
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The True Unemployment Rate Continues in Double Digits
Posted by Ed Teixeira
Although the mass media and political pundits report an unemployment rate of 8.2% the broader unemployment rate, known as the "U-6″ by the Labor Department, was up in
June to 14.9%. This figure includes the official unemployment rate plus those neither working nor looking for work, but who want a job and have looked for work recently. This factor continues to have implications for the franchise industry including franchisees and franchisors. Compounding this grim news is the lack of growth in the construction industry that reflects the weak housing market. The current state of the U.S. economy means that franchisors and franchisees need to make intelligent strategic decisions. Read more
Posted on July 9, 2012 at 1:43 PM
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