Posts
Sep 04, 2024 – 2 mins read
August 2024 Jobs Report: Resilience Amidst Challenges
The U.S. economy added 187,000 jobs in August, reflecting slower growth. The unemployment rate increased to 3.8%, with a rise in the labor force participation rate to 62.8%. Wages grew by 4.3% year-over-year, helping offset inflation. Healthcare led job growth with 71,000 jobs, followed by construction with 25,000 jobs. Manufacturing remained stagnant, adding only 1,000 jobs. The labor market shows signs of cooling, but companies are strategically hiring in key sectors, balancing caution with talent competition.
Aug 06, 2024 – 3 mins read
July Jobs Report: A Warning Sign for the U.S. Economy?
The July jobs report revealed a significant slowdown in the U.S. labor market, with only 114,000 jobs added, down from 206,000 in June, and the unemployment rate rising slightly to 4.3%. Key sectors like manufacturing and retail saw job losses, while wage growth remained modest. These figures, coupled with stagnant labor force participation, have heightened concerns about a potential economic slowdown.
May 23, 2025 – 2 mins read
How Franchise Consultant Jamie Major Helps Entrepreneurs Find the Right Franchise Fit
Jamie Major isn’t your average franchise consultant—he’s a self-proclaimed corporate refugee who traded office life for franchise freedom and never looked back. From owning Smash My Trash to running Ellie Mental Health locations, Jamie lives and breathes franchising. Now, through FranPath Consulting, he helps others do the same—matching people with cash-flowing businesses that fit their lives. At Business Draft, we’re proud to support franchise pros like Jamie who are changing lives, one franchise at a time.
Oct 09, 2024 – 3 mins read
September Jobs Report: U.S. Employers Continue to Add Jobs Despite Economic Uncertainty
In September, U.S. employers added 254,000 jobs, exceeding expectations of 140,000 and marking the highest gain since March. Revisions from previous months added another 72,000 jobs. The unemployment rate dropped to 4.1%, signaling a healthy labor market as more people find work. Job gains were led by the healthcare sector, which added 72,000 jobs, followed by restaurants with 69,000. However, manufacturing lost 7,000 jobs, particularly in car manufacturing. The tech sector showed modest improvement with 6,000 new jobs, while temporary help services saw a decline of 14,000 jobs, likely due to increased permanent hiring. While this report offers optimism for the Federal Reserve in managing inflation and a potential soft landing, it remains one month of data, and labor market weakening is still possible. Hiring is slower compared to last year, but inflation has cooled, and consumer spending remains stable, providing a cautiously positive outlook for the economy.
Apr 28, 2025 – 2 mins read
Honoring Care Through Every Hire: Homewatch CareGivers of St. Pete Beach
Homewatch CareGivers of St. Pete Beach, led by CEO Robert Knable, delivers compassionate, personalized care to seniors, veterans, and individuals living with dementia and Parkinson’s disease. Their team is built on dignity, respect, and a deep commitment to honoring those they serve. Business Draft is proud to support their mission by helping them grow a team of caregivers who share their heart for service. Learn more at Homewatch CareGivers of St. Pete Beach.