ROSELAND, NJ--(Marketwired - May 14, 2014) - U.S. private-sector franchise jobs increased by 30,950 during the month of April 2014, 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®.
"Franchises created 30,950 new jobs in April, slightly more than in March," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "Two straight months of growth well above the twelve-month average may be a sign that consumer confidence is trending up and franchises are benefitting. The job growth rate for franchises has exceeded overall job growth for the past year."
April 2014 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. This chart also reflects changes in small business employment to help illustrate the correlation between small businesses overall and franchises.
|Monthly Employment Change||Employment Level (Thousands)||Monthly Growth Rate (%)||Contribution to Monthly Growth (%)||Year-Over-Year Growth Rate (%)||12 Month Average Growth Rate (%)|
|Total U.S. NonFarm Private Employment *||220,360||116,320||0.2%||2.1%||0.2%|
|Small Business (1-49 Employees)||82,460||48,817||0.2%||2.1%||0.2%|
|Total U.S. Franchise Employment||30,950||8,207||0.4%||100%||3.1%||0.3%|
|Auto Parts and Dealers||7,330||1,234||0.6%||24%||2.2%||0.2%|
|Building Material and Garden Equipment||(10)||46||0.0%||0%||3.2%||0.3%|
|Personal Care Retailers||(80)||62||-0.1%||0%||4.0%||0.3%|
|Gasoline Stations and Auto Repair||(480)||432||-0.1%||-2%||1.7%||0.1%|
|* 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 May 2014 ADP National Franchise Report will be released at 9:00 a.m. ET on Wednesday, June 18 2014. 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.
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."
For information about the ADP National Employment Report® and ADP Regional Employment Report(SM) published each month by the ADP Research Institute, please visit: http://www.adpemploymentreport.com/.
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The ADP logo, ADP, ADP National Employment Report 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 © 2014 ADP, Inc.