SOURCE: Automatic Data Processing, Inc.

Automatic Data Processing, Inc.

March 19, 2014 09:00 ET

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.  

                     
                     
FEBRUARY 2014                  

Industry
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 * 139,300 115,843   0.1%       1.9%   0.2%
                     
Small Business (1-49 Employees) 59,470 48,634   0.1%       2.1%   0.2%
                     
Total U.S. Franchise Employment 12,050 8,151   0.1%   100%   3.0%   0.2%
  Other 2,670 407   0.7%   22%   5.5%   0.4%
  Auto Parts and Dealers 2,340 1,220   0.2%   19%   2.7%   0.2%
  Gasoline Stations and Auto Repair 2,050 432   0.5%   17%   1.9%   0.2%
  Accommodations 1,760 693   0.3%   15%   2.1%   0.2%
  Business Services 1,580 455   0.3%   13%   4.4%   0.4%
  Restaurants 1,390 4,134   0.0%   12%   3.0%   0.2%
  Personal Services 480 108   0.5%   4%   4.2%   0.3%
  Food Retailers 310 174   0.2%   3%   2.3%   0.2%
  Building Material and Garden Equipment 170 46   0.4%   1%   3.4%   0.3%
  Professional Services 160 121   0.1%   1%   2.3%   0.2%
  Rental 130 33   0.4%   1%   -0.3%   0.0%
  Personal Care Retailers 120 62   0.2%   1%   3.9%   0.3%
  Real Estate 70 91   0.1%   1%   1.5%   0.1%
  Manufacturing (40) 22   -0.2%   0%   0.4%   0.0%
  Education (410) 65   -0.6%   -3%   4.0%   0.3%
  Leisure (730) 89   -0.8%   -6%   3.1%   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 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.

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