Auto Parts Dealers Lead Employment Growth
June was apparently a really good month for auto parts franchises.
Those types of companies were among the most prolific hirers last month, according to the latest ADP National Franchise Report. Auto parts dealers added 10,210 jobs last month, or growth of 0.8 percent, according to the report, done in conjunction with Moody's Analytics.
Overall, franchises continued to add jobs at a healthy rate. Franchises added 33,330 workers in June, or 0.4 percent growth. That was a much better rate than the private sector as a whole, which added 280,760 jobs (0.2 percent) during the month. It also bested the 0.2 percent rate of small business job growth.
Franchises have added jobs because of the performances of various sectors that franchise heavily, like auto parts and restaurants. As total employment has grown, and the economy improves, these sectors improve, too. In addition, some sectors are beefing up employment in anticipation of improved sales down the road.
Restaurants are arguably one of those industries. The industry has been adding jobs despite overall weak sales numbers. In June, franchise restaurants added 11,860 workers, up 0.3 percent or more than a third of the total additional franchise jobs.
Over a 12-month period, franchise employment has grown 3.2 percent, along with the restaurant industry.
Other sectors that have done well include accommodations, which added 3,240 jobs last month, and professional services, which boosted employment by 1.7 percent, or just over 2,000 jobs. Only two industries reported employment declines in June: leisure and real estate.