Lacking government-sourced data, private payroll processor ADP Research will publish a rolling, four-week average of weekly employment changes each Tuesday starting this week. The preliminary data will function with a two-week lag.
U.S. private companies created an average of 14,250 new jobs per week over the four weeks ending Oct. 11, ADP said in the report.
The ADP projection suggests employment growth totaled approximately 57,000 over the four weeks.
By comparison, private businesses eliminated 32,000 jobs in September, reflecting the sharpest payroll decline since March 2023, according to the latest National Employment Report. This followed a headcount reduction of 3,000 in August.
“Growth in employment in the most recent weeks suggests that the labor market is emerging from a trough of job losses,” Nela Richardson, chief economist at ADP, said in a statement to The Epoch Times.
“Hiring has begun to increase from September levels, albeit slowly and without the positive momentum we saw earlier this year,” Richardson continued. “This tepid recovery could still support economic growth because our run of weekly job losses seems to have been relatively short-lived.”
Searching Elsewhere
Investors and policymakers have been flying blind since the four-week government shutdown began. Many have relied on alternative metrics to assess the labor market’s health.Various alternatives suggest a continuing trend toward a low-fire, low-hire environment.
Additionally, the hiring rate for unemployed workers this month was 45.18 percent, down from 45.38 percent in September, the Chicago Fed said. The rate for layoffs and other separations was little changed at 2.09 percent.
ADP’s new data, meanwhile, may support S&P Global’s flash U.S. Purchasing Managers’ Index—a monthly survey depicting the economy’s prevailing direction—released this past week.
“Employment growth was curtailed by a lack of suitable candidates to replace leavers but also reflected concerns over staffing needs given current sales levels and uncertainty over the demand outlook,” S&P Global said.
With the holiday season fast approaching, job seeker interest in seasonal work was up 27 percent in September—50 percent above 2023 levels—according to new Indeed Hiring Labor data. While seasonal job postings increased from a year ago, they rose by only 2.7 percent.

Current employment conditions are beginning to weigh on employee sentiment, according to separate research from ADP.
“Worker sentiment has been mostly unaffected by this year’s hiring slowdown, but this resilience might be starting to fray,” said Mary Hayes, director of people and performance at ADP Research. “We’ll be watching to see whether sentiment continues to weaken.”
The October nonfarm payrolls report is scheduled to be released on Nov. 7.







