U.S. Private Hiring Slows to 8,250 Jobs a Week for Sixth Straight Week
Updated
Updated · StockTitan · Aug 11
U.S. Private Hiring Slows to 8,250 Jobs a Week for Sixth Straight Week
2 articles · Updated · StockTitan · Aug 11
Summary
ADP’s NER Pulse showed U.S. private employers added an average 8,250 jobs a week in the four weeks ended July 25, the weakest reading in its 12-week history provided.
That marked a sixth consecutive slowdown, with the four-week average falling from 11,000 the prior week and 35,750 in the week ended May 9.
The estimate is seasonally adjusted, based on ADP’s high-frequency payroll data and reported with a two-week lag, and ADP said the figures remain preliminary and could be revised.
The weekly pulse is separate from ADP’s monthly National Employment Report and is produced with Stanford’s Digital Economy Lab; the next release is due August 18.