Overview
- ADP will publish a four-week moving average of weekly private employment changes every Tuesday with a two-week lag.
- The first read, covering the four weeks ending Oct. 11, shows average gains of 14,250 jobs per week.
- The figure implies roughly 55,000 jobs added over the period, contrasting with September’s NER estimate of a 32,000 decline.
- ADP says the new series differs from the National Employment Report and will be revised when the official report resumes.
- Chief economist Nela Richardson said the weekly data offers a clearer, near real-time view of job creation and loss.