U.S. Private Employers Add 18,500 Weekly Jobs as Hiring Slows From 26,000
Updated
Updated · PR Newswire · Oct 20
U.S. Private Employers Add 18,500 Weekly Jobs as Hiring Slows From 26,000
3 articles · Updated · PR Newswire · Oct 20
Summary
18,500 jobs were added per week on average in the four weeks ended Oct. 3, according to ADP's NER Pulse, marking a slowdown in U.S. private-sector hiring.
26,000 in the prior week's four-week average set the comparison point, with the latest reading also below 25,250 and 22,500 in the two preceding weeks.
ADP said the figures are preliminary, seasonally adjusted estimates built from high-frequency payroll data and published with a two-week lag for more complete reporting.
12 weeks of NER Pulse history show hiring had climbed from 8,250 to 11,750 weekly gains in late July and early August before strengthening into September, then easing again in early October.