US Private Employers Add 16,750 Weekly Jobs as Hiring Slows for Second Straight Week
Updated
Updated · PR Newswire · Oct 27
US Private Employers Add 16,750 Weekly Jobs as Hiring Slows for Second Straight Week
3 articles · Updated · PR Newswire · Oct 27
Summary
U.S. private employers added an average 16,750 jobs a week in the four weeks ended Oct. 10, according to ADP’s NER Pulse, marking a second straight weekly slowdown.
That four-week average slipped from 17,500 a week in the period ended Oct. 3 and is well below the late-September readings of 26,000 and 25,250.
ADP said the figures are preliminary, seasonally adjusted estimates drawn from high-frequency payroll data and published with a two-week lag to improve completeness.
The weekly Pulse offers a near-term read on private-sector hiring trends between ADP’s monthly employment reports, with the next update due Nov. 10.