ADP Employment Change 208K vs 222K Expected
ADP Employment Change 208K vs 222K Expected
UPDATE - More from the ADP press release:
U.S. private-sector franchise jobs increased by 25,000 during the month of November, 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.
"Franchise jobs added increased sharply in November to a level not seen for several months," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "Much of the rebound came from the Auto Parts and Dealers segment which added about 5,000 more jobs than in October."
November 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.
November 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 * 207,820 117,837 0.2% 2.1% 0.2%
Small Business
(1-49
Employees) 101,310 49,491 0.2% 2.2% 0.2%
Total U.S.
Franchise
Employment 24,930 8,364 0.3% 100% 3.4% 0.3%
Restaurants 11,820 4,250 0.3% 47% 3.6% 0.3%
Auto Parts and
Dealers 5,740 1,268 0.5% 23% 3.5% 0.3%
Other 2,030 424 0.5% 8% 5.8% 0.5%
Accommodations 1,820 705 0.3% 7% 2.6% 0.2%
Business
Services 1,660 460 0.4% 7% 2.8% 0.2%
Food Retailers 1,060 180 0.6% 4% 4.2% 0.3%
Real Estate 430 91 0.5% 2% 0.9% 0.1%
Personal Care
Retailers 410 66 0.6% 2% 7.2% 0.6%
Leisure 260 90 0.3% 1% 1.8% 0.1%
Manufacturing 220 22 1.0% 1% 2.9% 0.2%
Professional
Services 180 123 0.1% 1% 1.4% 0.1%
Personal
Services 120 110 0.1% 0% 4.2% 0.3%
Rental (20) 34 -0.1% 0% 3.3% 0.3%
Gasoline
Stations and
Auto Repair (170) 428 0.0% -1% 0.8% 0.1%
Building
Material and
Garden
Equipment (190) 47 -0.4% -1% 2.0% 0.2%
Education (440) 65 -0.7% -2% 1.2% 0.1%
-------------------------- ----------- --------------------------- ---------
* 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
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