Weekly ADP 4-week average employment change +4.75K versus -13.5K in last weekly release

  • Last week, the monthy ADP report showed employment loss of -32K vs +10K estimate
ADP

From ADP:

For the four weeks ending November 22, 2025, U.S. private employers added an average of 4,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER).

Three times a month, ADP Research publishes preliminary estimates of the week-over-week change in U.S. employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. Data is seasonally adjusted and made available with a two-week lag.

The report is a positive tilt for jobs after weakness seen recently including the monthly number released last week. The USD has moved higher after the report.

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