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Franchise Hiring Strong in July with Gain of 26,600 Jobs

Employment from franchised establishments increased by a strong 26,600 jobs in July, according to ADP National Franchise Report. Hotels, auto dealers and restaurants made up the lion’s share of the hiring.

Restaurants increased by 18,200 hires while auto dealers hired 5,700 more in July.

At the same time, small businesses, firms that are under 50 employees, created 50,000 jobs in July. Small businesses in the goods-producing sector dropped by 3,000 jobs but service-providing small businesses increased by 52,000. The difference was from other sectors.

“Job gains continued to be strong in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “However, as the labor market tightens employers may find it more difficult to recruit qualified workers.”

Private sector employment, not just franchise or small business, increased by 178,000 jobs in July.

Mark Zandi, chief economist of Moody’s Analytics, said, “The American job machine continues to operate in high gear. Job gains are broad-based across industries and company sizes, with only manufacturers reducing their payrolls. At this pace of job growth, unemployment will continue to quickly decline.”

The employment reports are derived from ADP’s actual payroll data.

      U.S. Added 26,600 Franchise Jobs in July, According to ADP National Franchise Report

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Don Sniegowski is editor of Blue MauMau, the daily news journal for franchise & small business owners. Call him at +1 (270) 321-1268, tweet @bluemaumau or email don@bluemaumau.org.