SOURCE: Automatic Data Processing, Inc.

Automatic Data Processing, Inc.

February 19, 2014 09:00 ET

U.S. Added 16,520 Franchise Jobs in January, According to ADP National Franchise Report(SM)

Franchise Restaurant Job Gains Weaken

ROSELAND, NJ--(Marketwired - Feb 19, 2014) - U.S. private-sector franchise jobs increased by 16,520 during the month of January 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®.

"During the month of January, franchises created 16,520 new jobs, less than half the number created in December 2013," said Ahu Yildirmaz, senior director of the ADP Research Institute. "Although still a net contributor with ten consecutive months of strong gains, job creation among franchise restaurants weakened notably in January compared to prior months. In fact, our data shows that last month's franchise restaurant gains were significantly lower than the monthly average posted over the past 12 months," Yildirmaz added. 

January 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.

             
JANUARY 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 * 175,390   115,000   0.2%   2.0%   0.2%
                   
Total U.S. Franchise Employment 16,520   8,151   0.2% 100% 3.1%   0.3%
  Restaurants 5,570   4,134   0.1% 34% 3.1%   0.3%
  Auto Parts and Dealers 3,650   1,229   0.3% 22% 3.4%   0.3%
  Business Services 3,000   453   0.7% 18% 4.5%   0.4%
  Other 2,150   405   0.5% 13% 5.0%   0.4%
  Gasoline Stations and Auto Repair 800   430   0.2% 5% 1.3%   0.1%
  Accommodations 780   691   0.1% 5% 2.0%   0.2%
  Food Retailers 430   174   0.2% 3% 2.3%   0.2%
  Personal Services 420   107   0.4% 3% 3.8%   0.3%
  Manufacturing 250   22   1.2% 2% 0.9%   0.1%
  Education 220   65   0.3% 1% 4.9%   0.4%
  Personal Care Retailers 120   62   0.2% 1% 4.2%   0.3%
  Rental 100   33   0.3% 1% -1.1%   -0.1%
  Real Estate 100   91   0.1% 1% 1.6%   0.1%
  Building Material and Garden Equipment (80)   46   -0.2% 0% 3.2%   0.3%
  Leisure (200)   90   -0.2% -1% 4.1%   0.3%
  Professional Services (790)   121   -0.7% -5% 2.4%   0.2%
                   
* 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 February 2014 ADP National Franchise Report will be released at 9:00 a.m. ET on Wednesday, March 19, 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 © 2014 ADP, Inc.

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