Overview
- For the four weeks ending July 11, 2026, ADP’s NER Pulse estimates U.S. private employers added an average of 15,000 jobs per week.
- ADP reports this marks the fifth consecutive weekly slowdown and the prior week was revised down to 16,250 from 16,500.
- The NER Pulse is a high-frequency, seasonally adjusted estimate that uses a four-week moving average and a two-week data lag to improve completeness.
- ADP Research produces the Pulse with the Stanford Digital Economy Lab, publishes it routinely on Tuesdays, and warns the numbers are preliminary and subject to revision.
- Markets and policymakers use the Pulse as a timely signal ahead of fuller monthly reports, so continued soft readings could temper expectations for tighter policy and lift demand for safer assets.