U.S. private-sector franchise jobs increased by 16,520 during the month of January 2014, 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 ofHuman Capital Management solutions, in collaboration with Moody’s Analytics Inc. and is published by the ADP Research Institute.
“During the month of January, franchises created 16,520 new jobs, less than half the number created in December 2013,” says Ahu Yildirmaz, senior director of the ADP Research Institute. “Although still a net contributor with ten consecutive months of strong gains, job creation among franchise restaurants weakened notably in January compared to prior months. In fact, our data shows that last month’s franchise restaurant gains were significantly lower than the monthly average posted over the past 12 months.”