ROSELAND, N.J. (Nov. 15, 2013) — The number of U.S. private-sector franchise jobs grew by 25,060 during October, bolstered in part by about 22-percent growth in the automotive aftermarket, according to the ADP National Franchise Report.
Automatic Data Processing Inc. (ADP), a provider of human capital management solutions, compiles the report measuring monthly changes in franchise employment derived from ADP's actual transactional payroll data. The report is produced in collaboration with Moody's Analytics Inc. and published by 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," Mr. Yildirmaz said.
"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."
Auto parts and dealers contributed 21 percent to the overall monthly growth rate, while gas stations and auto repair shops combined added 1-percent growth, according to ADP.