Rental Industry’s Growth Rate Drops in Franchise Report
According to the January 2014 ADP National Franchise Report, the rental car industry had a negative year-over-year growth rate, while franchises in general grew.
ADP's National Employment Report. Industries are ranked based on monthly contribution to Total Franchise Employment. Click for a larger view.
When it comes to employment in U.S. franchises, the rental car industry had a negative year-over-year growth rate. According to the recent ADP National Franchise Report, the rental industry’s year-over-year growth rate decreased 1.1%.
In addition, the rental industry’s franchises experienced a negative average growth rate (-0.1%) over a 12-month period, according to the report.
For employment numbers, the rental industry’s average monthly employment is 100 with a monthly growth rate of 0.3%.
As a whole, U.S. private-sector franchise jobs increased by 16,520 during the month of January, according to the report.
“During the month of January, franchises created 16,520 new jobs, less than half the number created in December 2013,” said Ahu Yildirmaz, senior director of the ADP Research Institute.
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 global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics Inc.
ADP's National Employment Report. Industries are ranked based on monthly contribution to Total Franchise Employment. Click for a larger view.
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