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U.S. Added 25,060 Franchise Jobs In October

[ 0 ] Nov. 14, 2013 | SBO Editor

U.S. private-sector franchise jobs increased by 25,060 during the month of October 2013, according to theADP National Franchise ReportSM. 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 industry payrolls showed encouraging growth during the month of October as more than 25,000 jobs were added across a variety of industries,” said Ahu Yildirmaz, senior director of the ADP Research Institute. “October’s gains were well above recent months and the 12-month average monthly growth rate. Restaurants accounted for more than 40 percent of the franchise jobs added last month, while the auto-related categories of auto parts and dealers, and gas stations and auto repair shops together added more than 20 percent. The franchise industry’s job creation this month represents 20 percent of the total employment growth, as reported in the October ADP National Employment Report.”

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Category: Features