Accounting
Report: December Was Strongest Jobs Growth Month in 2013
U.S. private-sector franchise jobs increased by 30,250 during the month of December 2013, according to the ADP National Franchise Report. BThe report measures monthly changes in franchise employment derived from ADP’s actual transactional payroll data.
Jan. 22, 2014
Private-sector franchise jobs in the U.S. increased by 30,250 during the month of December 2013, according to the ADP National Franchise Report. BThe report measures monthly changes in franchise employment derived from ADP’s actual transactional payroll data. The report is produced by ADP, a provider of payroll, benefits and business management solutions, in collaboration with Moody’s Analytics, Inc.
“The U.S. private sector added 238,000 jobs in December, surpassing November as the strongest month for job growth in 2013,” said Carlos Rodriguez, president and chief executive officer of ADP. “It’s encouraging news that hopefully bodes well for 2014.”
“Job creation in the franchise industry showed encouraging activity in December, posting the overall strongest gain in nine months,” said Ahu Yildirmaz, senior director of the ADP Research Institute.
“Throughout 2013, the franchise industry added 229,000 new jobs, which represents nearly 11 percent of all new jobs created in the U.S., based on our data. Year over year, the rate of employment growth among franchise businesses was 2.9 percent, outpacing the national average of 1.9 percent by a full percentage point.”