ROSELAND, NJ--(Marketwired - Jan 7, 2015) - U.S. private-sector franchise jobs increased by 38,000 during the month of December, according to the ADP National Franchise Report®. 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®.
"At 3.4 percent for 2014, franchise job growth was notably stronger than the U.S. total private growth rate of 2.2 percent," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "December's jobs number was the highest of 2014, bolstered by a large jump in restaurant employment from around 12,000 in November to 24,000 this month."
December 2014 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. This chart also reflects changes in small business employment to help illustrate the correlation between small businesses overall and franchises.
| December 2014 |
|
|
|
|
|
|
|
|
|
| |
Monthly Employment Change |
|
Employment
Level
(Thousands) |
|
Monthly Growth Rate
(%) |
Contribution
to
Monthly
Growth
(%) |
Year-
Over-
Year
Growth
Rate
(%) |
|
12
Month
Average Growth
Rate
(%) |
| Industry |
| Total U.S. NonFarm Private Employment * |
240,980 |
|
118,107 |
|
0.2% |
|
2.2% |
|
0.2% |
| |
|
|
|
|
|
|
|
|
|
| Small Business (1-49 Employees) |
105,920 |
|
49,600 |
|
0.2% |
|
2.2% |
|
0.2% |
| |
|
|
|
|
|
|
|
|
|
| Total U.S. Franchise Employment |
37,660 |
|
8,400 |
|
0.5% |
100% |
3.4% |
|
0.3% |
| |
Restaurants |
24,050 |
|
4,274 |
|
0.6% |
64% |
3.5% |
|
0.3% |
| |
Auto Parts and Dealers |
5,720 |
|
1,274 |
|
0.5% |
15% |
4.5% |
|
0.4% |
| |
Business Services |
2,990 |
|
463 |
|
0.6% |
8% |
2.9% |
|
0.2% |
| |
Accommodations |
2,790 |
|
708 |
|
0.4% |
7% |
2.6% |
|
0.2% |
| |
Other |
1,540 |
|
425 |
|
0.4% |
4% |
5.7% |
|
0.5% |
| |
Personal Care Retailers |
870 |
|
66 |
|
1.3% |
2% |
7.8% |
|
0.6% |
| |
Leisure |
730 |
|
91 |
|
0.8% |
2% |
1.7% |
|
0.1% |
| |
Professional Services |
730 |
|
124 |
|
0.6% |
2% |
1.8% |
|
0.2% |
| |
Education |
350 |
|
66 |
|
0.5% |
1% |
1.7% |
|
0.1% |
| |
Manufacturing |
120 | |
22 |
|
0.5% |
0% |
3.5% |
|
0.3% |
| |
Building Material and Garden Equipment |
20 |
|
47 |
|
0.0% |
0% |
1.5% |
|
0.1% |
| |
Rental |
(40) |
|
34 |
|
-0.1% |
0% |
3.3% |
|
0.3% |
| |
Food Retailers |
(120) |
|
178 |
|
-0.1% |
0% |
2.6% |
|
0.2% |
| |
Real Estate |
(430) |
|
91 |
|
-0.5% |
-1% |
0.2% |
|
0.0% |
| |
Gasoline Stations and Auto Repair |
(580) |
|
428 |
|
-0.1% |
-2% |
-0.2% |
|
0.0% |
| |
Personal Services |
(1,080) |
|
109 |
|
-1.0% |
-3% |
2.2% |
|
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 January 2015 ADP National Franchise Report will be released at 8:15 a.m. ET on Wednesday, February 4, 2015. 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®
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® 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 9,700 people worldwide, and has a presence in 31 countries. More information is available at www.moodysanalytics.com.
About ADP
Employers around the world rely on ADP® (NASDAQ: ADP) for cloud-based solutions and services to help manage their most important asset -- their people. From human resources and payroll to talent management to benefits administration, ADP brings unmatched depth and expertise in helping clients build a better workforce. A pioneer in Human Capital Management (HCM) and business process outsourcing, ADP serves more than 610,000 clients in 100 countries. ADP.com.
The ADP logo, ADP, ADP National Employment Report, ADP Research Institute, ADP Regional Employment Report and ADP National Franchise Report are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2015 ADP, LLC.