Franchise Jobs Soften in March

<p>ROSELAND, N.J. &ndash; Private-sector franchise jobs in the United States had a weak month of hirings in March. Franchise hirings increased by 20,250 during the month, according to ADP National Franchise Report. <!--break--> That compares to 108,000 jobs that American small businesses of 1 to 49 employees added from February to March. Automobile dealers had the highest hiring growth rate for March of 1.1 percent. Education related franchises followed at 0.8 percent.</p>

<p><img alt="" src="…; style="float: right; height: 220px; width: 379px; margin-left: 5px; margin-right: 5px;" />&quot;Franchise job gains in March were down almost a third from February and fell below the twelve-month average,&quot; said Ahu Yildirmaz, vice president and head of the ADP Research Institute. &quot;However, the employment growth rate for franchises still exceeds the overall growth rate for the past twelve months.&quot;</p>

<p>Both small businesses and franchised businesses had a weak month, following the trend of the overall nonfarm private employment rate, which increased by only 108,000 jobs.</p>

<p>&quot;March job gains came in under 200,000 for the first time since January of last year,&quot; said Carlos Rodriguez, president and chief executive officer of ADP. &nbsp;&quot;The decline was centered in the largest companies, those with 1000 or more employees.&quot;</p>

<p>Mark Zandi, chief economist of Moody&#39;s Analytics, said, &quot;Job growth took a step back in March. The fallout from the collapse in oil prices and surge in value of the dollar is hitting the job market. &nbsp;Despite the slowdown, underlying job growth remains strong enough to reduce labor market slack.&quot;</p>

<p>The ADP National Franchise Report derived from ADP payroll data, which represents 15,000 Franchisors and Franchisees employing nearly one million workers in the U.S.</p>

<center><img alt="
U.S. Added 20,000 Franchise Jobs in March, According to ADP National Franchise Report
" border="0" height="1598" src="…; width="598" /></center>

Profile picture for user BMM