ADP’s latest estimate put U.S. private employers’ average weekly hiring at 16,750 over the four weeks ending Oct. 10, extending a slowdown in its weekly labor-market gauge.
The seasonally adjusted figure was down from 17,500 jobs a week for the four weeks ending Oct. 3 and 26,000 for the period ending Sept. 26, according to ADP’s Oct. 27 table. ADP’s Oct. 20 NER Pulse release had put the Oct. 3 period at 18,500. EconoTimes previously covered the earlier ADP estimate. The latest table therefore gives a different estimate for the same four-week period.
The NER Pulse figure describes the average weekly change in private employment across a four-week window. It is not the total number of jobs added during those four weeks. Because successive readings cover overlapping periods, they should not be treated as separate weekly job totals.
ADP says the estimates use high-frequency company data and are adjusted for seasonal patterns. The company releases them with a two-week lag. ADP Research and the Stanford Digital Economy Lab jointly produce the report, a weekly update to ADP’s monthly National Employment Report.
ADP said new data may change the preliminary estimate. The Oct. 27 release gave no industry or worker-group breakdown and identified no reason for the slowdown in hiring.
ADP scheduled its next NER Pulse release for Nov. 10.
