ROSELAND, NJ--(Marketwired - Mar 30, 2016) - U.S. private-sector franchise jobs increased by 22,000 during the month of March, 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® in collaboration with Moody's Analytics, Inc. and is published by the ADP Research Institute®.
"Accommodations experienced a second consecutive month of solid growth in March, while Restaurant employment growth bounced back to its nine-month average," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "Accelerating wage growth in the workforce may be helping to drive the gains in these two segments."
March 2016 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.
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| March 2016 |
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Monthly Employment Change |
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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 * |
200,000 |
|
121,487 |
|
0.2% |
|
2.1% |
|
0.2% |
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| Small Business (1-49 Employees) |
86,000 |
|
50,973 |
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0.2% |
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2.1% |
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0.2% |
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| Total U.S. Franchise Employment |
22,000 |
|
8,324 |
|
0.3% | 100% |
4.1% |
|
0.3% |
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Restaurants |
20,180 |
|
4,331 |
|
0.5% |
92% |
5.3% |
|
0.4% |
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Accommodations |
1,290 |
|
654 |
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0.2% |
6% |
1.4% |
|
0.1% |
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Gasoline Stations and Auto Repair |
910 |
|
383 |
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0.2% |
4% |
-0.1% |
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0.0% |
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Personal Services |
870 |
|
146 |
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0.6% |
4% |
12.7% |
|
1.0% |
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Food Retailers |
310 |
|
151 |
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0.2% |
1% |
3.3% |
|
0.3% |
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Professional Services |
270 |
|
98 |
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0.3% |
1% |
2.0% |
|
0.2% |
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Auto Parts and Dealers |
170 |
|
1,270 |
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0.0% |
1% |
6.1% |
|
0.5% |
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Rental |
110 |
|
39 |
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0.3% |
1% |
2.7% |
|
0.2% |
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Manufacturing |
20 |
|
9 |
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0.2% |
0% |
1.0% | |
0.1% |
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Personal Care Retailers |
(20) |
|
77 |
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0.0% |
0% |
3.1% |
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0.3% |
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Real Estate |
(60) |
|
62 |
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-0.1% |
0% |
1.0% |
|
0.1% |
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Education |
(90) |
|
59 |
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-0.2% |
0% |
-1.7% |
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-0.1% |
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Building Material and Garden Equipment |
(170) |
|
57 |
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-0.3% |
-1% |
5.0% |
|
0.4% |
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Other |
(400) |
|
449 |
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-0.1% |
-2% |
0.4% |
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0.0% |
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Leisure |
(720) |
|
82 |
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-0.9% |
-3% |
-5.4% |
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-0.5% |
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Business Services |
(730) |
|
458 |
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-0.2% |
-3% |
1.0% |
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0.1% |
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| * 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 April 2016 ADP National Franchise Report will be released at 8:15 a.m. ET on Wednesday, May 4, 2016. 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.
| Notice of Revisions to the ADP National Franchise Report® |
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| Franchise employment data have been revised to align with the recently released U.S. Census Bureau's comprehensive count of franchise employment for March 2012. The Census Bureau produces these data once every five years. The benchmarking produced a downward level shift of approximately 500,000 to the employment data; growth rates for the historical series did not measurably change. |
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 $3.3 billion in 2014, employs approximately 10,200 people worldwide and maintains a presence in 35 countries. Further information is available at www.moodysanalytics.com.
About ADP (NASDAQ: ADP)
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