|By Marketwired .||
|September 4, 2014 08:16 AM EDT||
ROSELAND, NJ -- (Marketwired) -- 09/04/14 -- U.S. private-sector franchise jobs increased by 21,360 during the month of August, 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 job growth was slightly below the twelve-month average in August, though showing an increase from July," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "A couple of bright spots were Accommodations and Business Services. Both segments were well above their twelve-month averages, while Auto Parts and Dealers showed continued strength."
August 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.
August 2014 --------------------------- ----------- ---------------------------- ------- Year- 12 Contribution Over- Month Monthly to Year Average Monthly Employment Growth Monthly Growth Growth Employment Level Rate Growth Rate Rate Change (Thousands) (%) (%) (%) (%) Industry --------------------------- ----------- ---------------------------- ------- Total U.S. NonFarm Private Employment * 204,340 117,222 0.2% 2.2% 0.2% Small Business (1-49 Employees) 78,250 49,203 0.2% 2.2% 0.2% Total U.S. Franchise Employment 21,360 8,302 0.3% 100% 3.3% 0.3% Restaurants 7,840 4,202 0.2% 37% 3.3% 0.3% Auto Parts and Dealers 5,330 1,263 0.4% 25% 3.8% 0.3% Accommodations 2,650 703 0.4% 12% 2.7% 0.2% Business Services 2,130 458 0.5% 10% 2.9% 0.2% Other 1,110 418 0.3% 5% 5.8% 0.5% Professional Services 900 123 0.7% 4% 2.4% 0.2% Personal Care Retailers 890 65 1.4% 4% 6.9% 0.6% Leisure 680 91 0.7% 3% 4.2% 0.3% Personal Services 190 110 0.2% 1% 6.4% 0.5% Education 120 66 0.2% 1% 4.2% 0.3% Gasoline Stations and Auto Repair 120 432 0.0% 1% 1.1% 0.1% Rental 100 34 0.3% 0% 2.1% 0.2% Building Material and Garden Equipment (50) 47 -0.1% 0% 3.0% 0.2% Real Estate (120) 91 -0.1% -1% 1.4% 0.1% Manufacturing (220) 22 -1.0% -1% 2.5% 0.2% Food Retailers (320) 179 -0.2% -1% 3.7% 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 September 2014 ADP National Franchise Report will be released at 8:15 a.m. ET on Wednesday, October 1, 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/.
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 the proprietary analysis of 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 $3.0 billion in 2013, employs approximately 8,400 people worldwide, and has a presence in 31 countries. More information is available at www.moodysanalytics.com.
With more than $12 billion in revenues and 65 years of experience, ADP® (NASDAQ: ADP) serves approximately 637,000 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, ADP National Employment Report and ADP Research Institute are registered trademarks of ADP, LLC. The ADP National Franchise Report and ADP Regional Employment Report are service marks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2014 ADP, LLC.
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