ROSELAND, NJ--(Marketwired - Nov 13, 2013) - U.S. private-sector franchise jobs increased by 25,060 during the month of October 2013, according to the ADP National Franchise Report(SM). Broadly distributed to the public each month free of charge, the ADP National Franchise Report measures monthly changes in franchise employment derived from ADP's actual transactional payroll data. The report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody's Analytics, Inc. and is published by the ADP Research Institute®.
"Franchise industry payrolls showed encouraging growth during the month of October as more than 25,000 jobs were added across a variety of industries," said Ahu Yildirmaz, senior director of the ADP Research Institute. "October's gains were well above recent months and the 12-month average monthly growth rate. Restaurants accounted for more than 40 percent of the franchise jobs added last month, while the auto-related categories of auto parts and dealers, and gas stations and auto repair shops together added more than 20 percent. The franchise industry's job creation this month represents 20 percent of the total employment growth, as reported in the October ADP National Employment Report."
October 2013 ADP National Franchise Report Highlights
The table below presents U.S. franchise employment growth over time, measuring current month growth, year-over-year changes, and the average monthly growth rate over the past 12 months.
|Monthly Employment Change||Employment Level (Thousands)||Monthly Growth Rate (%)||Contribution to Monthly Growth (%)||Annual Growth Rate (%)||12 Month Average Growth Rate (%)|
|Total U.S. NonFarm Private Employment *||130,430||114,194||0.1%||1.8%||0.2%|
|Total U.S. Franchise Employment||25,060||8,072||0.3%||100%||2.6%||0.2%|
|Auto Parts and Dealers||5,150||1,221||0.4%||21%||2.3%||0.2%|
|Gasoline Stations and Auto Repair||140||426||0.0%||1%||0.7%||0.1%|
|Building Material and Garden Equipment||70||45||0.2%||0%||2.8%||0.2%|
|Personal Care Retailers||70||61||0.1%||0%||4.2%||0.3%|
|* ADP National Employment Report|
|Note: Sum of components may not equal total due to rounding. Industries are ranked based on monthly contribution to Total Franchise Employment|
The November 2013 ADP National Franchise Report will be released at 9:00 a.m. ET on Wednesday, December 18, 2013. A schedule of future release dates, as well as additional information about franchise employment, charts on monthly job growth and employment levels, and historical data is available at www.ADPemploymentreport.com.
To obtain information about the ADP National Employment Report® and the ADP Regional Employment Report(SM), including charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.ADPemploymentreport.com.
About the ADP National Franchise Report(SM)
The ADP National Franchise Report, the first and only report of its kind, is a monthly measure of the change in total U.S. nonfarm private franchise employment derived from actual, anonymous payroll data of client companies served by ADP®, a leading provider of human capital management solutions. The matched sample used to develop the ADP National Franchise Report is derived from ADP payroll data, which represents 15,000 Franchisors and Franchisees employing nearly one million workers in the U.S.
The ADP National Franchise Report is published by the ADP Research Institute®, a specialized group within ADP that provides insights around employment trends and workforce strategy, in collaboration with Moody's Analytics, Inc.
Each month, ADP issues the ADP National Franchise Report as part of the company's commitment to adding deeper insights into the U.S. labor market and providing businesses, governments and others with a source of credible and valuable information. The ADP National Franchise Report is broadly distributed to the public each month, free of charge.
For a description of the underlying data and the statistical model used to create this report, please see "ADP National Franchise Report: Development Methodology."
About Moody's Analytics
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The ADP logo, ADP, and ADP Research Institute are registered trademarks of ADP, Inc. The ADP National Franchise Report and ADP Regional Employment Report are service marks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2013 ADP, Inc.
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