U.S. Added 12,050 Franchise Jobs in February, According to ADP National Franchise Report(SM)
19 Março 2014 - 10:00AM
Marketwired
U.S. Added 12,050 Franchise Jobs in February, According to ADP
National Franchise Report(SM)
Franchise Restaurant Job Growth Continues to Weaken; Monthly
Gains Buoyed by Business Services, Accommodations, and Auto-Related
Industries
ROSELAND, NJ--(Marketwired - Mar 19, 2014) - U.S. private-sector
franchise jobs increased by 12,050 during the month of February
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(R), 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 12,050 new jobs in February," said Ahu
Yildirmaz, vice president and head of the ADP Research Institute.
"For the second month in a row, restaurants continued to show
considerably diminished growth, adding fewer jobs last month than
the average monthly gain over the past eleven months. This may be
attributable to the unusually harsh winter the U.S. has been
experiencing." Yildirmaz added, "It is worth noting that combined,
auto-related franchises, business services, and accommodations
reflect more than half of the franchise jobs created this
month."
February 2014
ADP National Franchise
Report Highlights
Click here to access the ADP National Franchise Report
Infograph
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. New this
month, this chart also reflects changes in small business
employment to help illustrate the correlation between small
businesses overall and franchises.
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FEBRUARY 2014 |
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Industry |
Monthly Employment Change |
Employment Level (Thousands) |
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Monthly Growth Rate (%) |
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Contribution to Monthly Growth (%) |
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Year-Over-Year Growth Rate (%) |
|
12 Month Average Growth Rate (%) |
Total U.S. NonFarm Private Employment * |
139,300 |
115,843 |
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0.1% |
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1.9% |
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0.2% |
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Small Business (1-49 Employees) |
59,470 |
48,634 |
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0.1% |
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2.1% |
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0.2% |
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Total U.S. Franchise Employment |
12,050 |
8,151 |
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0.1% |
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100% |
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3.0% |
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0.2% |
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Other |
2,670 |
407 |
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0.7% |
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22% |
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5.5% |
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0.4% |
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Auto Parts and Dealers |
2,340 |
1,220 |
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0.2% |
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19% |
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2.7% |
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0.2% |
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Gasoline Stations and Auto Repair |
2,050 |
432 |
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0.5% |
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17% |
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1.9% |
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0.2% |
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Accommodations |
1,760 |
693 |
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0.3% |
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15% |
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2.1% |
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0.2% |
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Business Services |
1,580 |
455 |
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0.3% |
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13% |
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4.4% |
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0.4% |
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Restaurants |
1,390 |
4,134 |
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0.0% |
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12% |
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3.0% |
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0.2% |
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Personal Services |
480 |
108 |
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0.5% |
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4% |
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4.2% |
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0.3% |
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Food Retailers |
310 |
174 |
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0.2% |
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3% |
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2.3% |
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0.2% |
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Building Material and Garden Equipment |
170 |
46 |
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0.4% |
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1% |
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3.4% |
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0.3% |
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Professional Services |
160 |
121 |
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0.1% |
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1% |
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2.3% |
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0.2% |
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Rental |
130 |
33 |
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0.4% |
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1% |
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-0.3% |
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0.0% |
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Personal Care Retailers |
120 |
62 |
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0.2% |
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1% |
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3.9% |
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0.3% |
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Real Estate |
70 |
91 |
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0.1% |
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1% |
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1.5% |
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0.1% |
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Manufacturing |
(40) |
22 |
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-0.2% |
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0% |
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0.4% |
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0.0% |
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Education |
(410) |
65 |
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-0.6% |
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-3% |
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4.0% |
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0.3% |
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Leisure |
(730) |
89 |
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-0.8% |
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-6% |
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3.1% |
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0.3% |
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* 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 |
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The March 2014 ADP National Franchise Report will be
released at 9:00 a.m. ET on Wednesday, April 16, 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.
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 Moody's Analytics helps capital markets
and risk management professionals worldwide respond to an evolving
marketplace with confidence. The company offers unique tools and
best practices for measuring and managing risk through expertise
and experience in credit analysis, economic research and financial
risk management. By providing leading-edge software, advisory
services and research, including proprietary analyses from Moody's
Investors Service, Moody's Analytics integrates and customizes its
offerings to address specific business challenges. Moody's
Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which
reported revenue of $2.7 billion in 2012, employs approximately
8,300 people worldwide and has a presence in 31 countries. Further
information is available at www.moodysanalytics.com.
About ADP With more than $11 billion in revenues and more
than 60 years of experience, ADP® (NASDAQ: ADP) serves
approximately 620,000 clients in more than 125 countries. As one of
the world's largest providers of business outsourcing and human
capital management solutions, ADP offers a wide range of human
resource, payroll, talent management, tax and benefits
administration solutions from a single source, and helps clients
comply with regulatory and legislative changes, such as the
Affordable Care Act (ACA). ADP's easy-to-use solutions for
employers provide superior value to companies of all types and
sizes. ADP is also a leading provider of integrated computing
solutions to auto, truck, motorcycle, marine, recreational vehicle,
and heavy equipment dealers throughout the world. For more
information about ADP visit the company's Web site at
www.adp.com.
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 (C)
2014 ADP, Inc.
Media Contact: James Duffy ADP (973) 974-7612
Jim.Duffy@adp.com
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