ROSELAND, NJ -- (Marketwired) -- 06/20/13 -- Private-sector franchise jobs increased by 19,160 during the month of May 2013, according to the first monthly ADP National Franchise Report(SM). This new report, the first and only report of its kind, is produced by ADP®, a leading provider of global human capital management solutions, in collaboration with Moody's Analytics, Inc. The ADP National Franchise Report(SM) measures monthly changes in franchise employment and is derived from ADP's actual transactional payroll data.
"During the month of May, U.S. franchise employment increased for most of the franchise industries the ADP National Franchise Report measures, with restaurants, business services and food retailers showing the largest increases," said Ahu Yildirmaz, senior director of the ADP Research Institute(SM). "In May, these three industries generated a combined total of 17,590 private-sector franchise jobs -- offset primarily by losses in education and professional services in May."
Yildirmaz added: "According to the historical data also released today, over the past twelve months, the franchise industries we measure have added approximately 150,000 jobs to the economy."
May 2013 ADP National Franchise Report Highlights
Changes in Franchise Employment by Industry (in alphabetical order):*
•Accommodations 680 •Auto Parts and Dealers 410 •Building Material and Garden Equipment 240 •Business Services 2,530 •Education -940 •Food Retailers 1,080 •Gasoline Stations and Auto Repair 710 •Leisure -30 •Manufacturing 30 •Personal Care Retailers -50 •Personal Services -190 •Professional Services -710 •Real Estate -250 •Rental 230 •Restaurants 13,980 •Other 1,430
•Total U.S. Franchise Employment: 19,160
* Sum of components may not equal total, due to rounding.
The June 2013 ADP National Franchise Report(SM) will be released at 10:00 a.m. ET on Wednesday, July 17, 2013. A full calendar of report issuance dates can be found at www.ADPemploymentreport.com. Additional information about franchise employment, including charts on monthly job growth and employment levels along with historical data, also 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 1 million workers in the U.S.
The ADP National Franchise Report is produced by the ADP Research Institute(SM), a specialized group within ADP that provides insights around employment trends and workforce strategy, in collaboration with Moody's Analytics, Inc.
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 $10 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 600,000 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 or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.
The ADP logo, ADP, and the ADP National Employment Report are registered trademarks of ADP, Inc. The ADP Regional Employment Report and the ADP National Franchise Report are service marks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2013 ADP, Inc.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Weber Shandwick for ADP
(917) 331-7885 mobile
Most Popular Stories
- New Hershey's Logo Revealed
- Americans Still Pessimistic Despite Economic Growth
- Obama's Delay on Immigration Creates Uncertainty
- Startups Offer Smartphone Banking Apps
- Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production
- Echeveste Steps Down, Perez Steps Up at VPE
- 'Longmire' Cancelled, Looks for New Network
- Clippers Deal Started With 2 Numbers
- Hip-Hop Takes Up Ferguson Cause
- Illinois Issues Fracking Rules