U.S. Added 28,800 Franchise Jobs in June, According to ADP National Franchise Report
Get Alerts MCO Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 0.9%
Revenue Growth %: +11.6%
Join SI Premium – FREE
ROSELAND, NJ -- (Marketwired) -- 07/01/15 -- U.S. private-sector franchise jobs increased by 28,800 during the month of June, 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®.
"Franchise employment in June bounced back to a level exceeding the twelve-month average of job gains," said Ahu Yildirmaz, vice president and head of the ADP Research Institute. "Both Restaurants and Auto Parts & Dealers added jobs at a pace well above the previous month's totals."
June 2015 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.
June 2015 -------------------------- ----------- ---------------------------- -------- Year- Monthly Contribution Over- 12 Month Monthly Employment Growth to Monthly Year Average Employment Level Rate Growth Growth Growth Industry Change (Thousands) (%) (%) Rate (%) Rate (%) -------------------------- ----------- ---------------------------- -------- Total U.S. NonFarm Private Employment * 237,000 119,680 0.2% 2.3% 0.2% Small Business (1-49 Employees) 120,000 50,207 0.2% 2.7% 0.2% Total U.S. Franchise Employment 28,820 8,550 0.3% 100% 3.4% 0.3% Restaurants 10,380 4,324 0.2% 36% 3.2% 0.3% Auto Parts and Dealers 7,570 1,329 0.6% 26% 6.0% 0.5% Gasoline Stations and Auto Repair 2,670 433 0.6% 9% -0.1% 0.0% Other 2,410 435 0.6% 8% 4.8% 0.4% Business Services 1,780 477 0.4% 6% 4.7% 0.4% Personal Services 1,360 112 1.2% 5% 2.2% 0.2% Accommodations 1,030 710 0.1% 4% 1.6% 0.1% Food Retailers 930 185 0.5% 3% 3.9% 0.3% Professional Services 640 125 0.5% 2% 2.0% 0.2% Education 450 66 0.7% 2% 0.7% 0.1% Manufacturing 270 23 1.2% 1% 0.4% 0.0% Building Material and Garden Equipment (10) 48 0.0% 0% 3.1% 0.3% Personal Care Retailers (50) 68 -0.1% 0% 6.8% 0.6% Rental (60) 35 -0.2% 0% 3.3% 0.3% Leisure (180) 91 -0.2% -1% 1.3% 0.1% Real Estate (370) 91 -0.4% -1% -0.2% 0.0% -------------------------- ----------- ---------------------------- -------- * 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 July 2015 ADP National Franchise Report will be released at 8:15 a.m. ET on Wednesday, August 5, 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 $3.3 billion in 2014, employs approximately 9,900 people worldwide and maintains a presence in 33 countries. Further 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 625,000 clients in more than 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.
ADP-Media
Media Contact: Dick Wolfe ADP (973) 974-7034 [email protected]
Source: ADP, LLC
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pixalate’s March 2024 Ad Fraud Research on Mobile Apps with the Highest Invalid Traffic (IVT) Rate on Google, Apple App Stores: 20% Global IVT Rate
- Everything Blockchain Appoints Craig Stephens to The Board of Directors
- Oxurion Receives Transparency Notification from Atlas Special Opportunities LLC
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
ADP Employment ReportSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!