U.S. Added 13,070 Franchise Jobs in November, According to ADP National Franchise ReportSM
Franchise Restaurants Continue to Create Significant Employment Gains
ROSELAND, N.J. – December 18, 2013 – U.S. private-sector franchise jobs increased by 13,070 during the month of November 2013, according to the ADP National Franchise ReportSM. 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®.
Ahu Yildirmaz, senior director of the ADP Research Institute, said: “Although there was a slowdown in franchise job creation in November compared to October’s report, a year-over-year analysis reveals the rate of employment growth among franchise businesses continues to outpace the national average. In fact, the franchise employment year-over-year growth rate is 2.7 percent, compared to the national employment growth rate of 1.9 percent.”
November 2013 ADP National Franchise Report Highlights
Click here to access the ADP National Franchise Report Infographic
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.
* 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 December 2013 ADP National Franchise Report will be released at 9:00 a.m. ET on Wednesday, January 22, 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 ReportSM, 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 ReportSM
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 6,800 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com.
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 © 2013 ADP, Inc.