ADP®, a leading global provider of human capital management solutions, today announced that it soon will provide monthly data and insights into private-sector franchise employment trends with the launch of the ADP National Franchise Report℠ on June 20.
The new ADP report will measure monthly changes in franchise employment derived from ADP’s actual transactional payroll data to help determine franchise employment trends. It will be issued each month by the ADP Research Institute℠, a specialized group within ADP that provides insights around national, regional and franchise employment trends and workforce strategy. It will be produced in collaboration with Moody’s Analytics.
“The ADP National Franchise Report will provide an in-depth look at monthly employment changes in the U.S. franchise industry, which is a vital engine of small business growth and hiring in our country,” said Carlos Rodriguez, president and chief executive officer of ADP. “Like the ADP National Employment Report® and ADP Small Business Report®, this newest report is part of our broader effort to deliver actionable insights to our clients as well as the broader business community. The ADP National Franchise Report will break out employment data across key franchise industries to offer a deeper, richer, more detailed view of employment trends across the U.S. franchising industry.”
The first ADP National Franchise Report will be released on June 20, reporting May 2013 data. Subsequent reports will be released each month on Wednesdays, approximately two weeks following the release of the ADP National Employment Report and one week following the release of the ADP Regional Employment Report. This information will be accessible and available for download on ADPemploymentreport.com. Historical data as of April 2011 also will be available on the site beginning on June 20.
Mark Zandi, chief economist of Moody's Analytics, said,"The franchise industry has been a significant and steady source of new jobs during the economic recovery. This diverse group of industry sectors is generating jobs in many different occupations and across diverse skill levels. The ADP National Franchise Report will provide new insights into this dynamic and important aspect of our economy."
“The new ADP National Franchise Report will provide further evidence about the important impact that the franchise industry has on job creation,” said Steve Caldeira, president & CEO, International Franchise Association. “Spanning across 10 major industry categories and 300 different business lines, including some of the world’s most iconic brands, franchise businesses are critical economic engines in communities across the country. Franchise businesses provide jobs and trillions of dollars to the U.S. economy. This new monthly report will showcase the economic impact of franchising, and we thank ADP for their efforts in providing this important data to the public.”
The ADP National Franchise Report is produced by ADP in collaboration with Moody’s Analytics, Inc.
For additional information about the ADP National Franchise Report, or to subscribe to monthly email alerts and RSS feeds, please visit ADPemploymentreport.com/.
About Moody’s Analytics
Moody’s Analytics (moodysanalytics.com) 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 proprietary analyses from 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 $2.7 billion in 2012, employs approximately 6,800 people worldwide and has a presence in 28 countries.
With more than $10 billion in revenues and more than 60 years of experience, ADP® (adp.com) serves approximately 600,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Website.
The ADP logo, ADP, and the ADP National Employment Report are registered trademarks of ADP, Inc. The ADP Regional Employment Report and the ADP National Franchise Report are service marks of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2013 ADP, Inc.
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