U.S. Private Employers Add 15,000 Weekly Jobs as Hiring Declines for 5th Straight Week
Updated
Updated · PR Newswire · Jul 28
U.S. Private Employers Add 15,000 Weekly Jobs as Hiring Declines for 5th Straight Week
3 articles · Updated · PR Newswire · Jul 28
Summary
15,000 jobs were added per week on average in the four weeks ending July 11, according to ADP’s NER Pulse, marking the weakest reading in the 12-week series shown.
The slowdown extended a five-week slide from 30,750 in the period ending June 6 and 24,250 on June 13, indicating hiring momentum kept fading through early July.
16,250 was the prior four-week average for the period ending July 4; a related ADP reading for that week also came in below a 16,500 forecast, reinforcing signs of labor-market cooling.
ADP says the weekly estimate is seasonally adjusted, based on a four-week moving average and published with a two-week lag, making it an early but preliminary gauge of private employment trends.