US Private Employers Add 24,750 Weekly Jobs as Hiring Slows After 5-Week Gain
Updated
Updated · PR Newswire · Oct 13
US Private Employers Add 24,750 Weekly Jobs as Hiring Slows After 5-Week Gain
3 articles · Updated · PR Newswire · Oct 13
Summary
24,750 jobs were added per week on average in the four weeks ended Sept. 26, according to ADP's NER Pulse, marking a slowdown after five straight weeks of strengthening hiring.
ADP's four-week moving average edged down from 25,250 in the prior week, though it remained well above late-July and early-August readings that ranged from 8,250 to 11,750.
16,750 on Aug. 29 rose to 20,000 on Sept. 5 and 22,500 on Sept. 12 before reaching 24,750, showing hiring momentum cooled only slightly from the latest peak.
The weekly estimate is preliminary, seasonally adjusted and published with a two-week lag, making it a high-frequency read on private-sector labor trends ahead of the next update on Oct. 20.