ADP Preliminary Report Shows 42,250 Weekly Job Gains for Early May
ADP•For the four weeks ending May 2, U.S. private employers added an average of 42,250 jobs weekly, up from 33,000 in the prior period. This marks the second straight weekly increase in ADP's high-frequency employment estimate, signaling strengthening hiring momentum.
1. Preliminary Employment Gains
ADP's NER Pulse preliminary estimate for the week ending May 2 shows a four-week moving average of 42,250 jobs added weekly, up from 33,000 in the prior update. This marks the second consecutive week of accelerating private payroll growth.
2. Weekly Trend Analysis
Data over recent weeks shows an upward trend from 30,250 jobs on April 18 to 42,250 on May 2, illustrating improving hiring momentum across U.S. private businesses. The four-week moving average smooths out weekly volatility to highlight sustained strength.
3. Implications for ADP Business
Stronger employment trends may drive increased demand for ADP’s payroll and HR platforms as more businesses onboard new hires, potentially boosting service revenues and client renewals in upcoming quarters. Robust hiring could also spur interest in ADP’s analytics and workforce management tools.
4. Next NER Pulse Release
The NER Pulse publishes every Tuesday at 8:15 a.m. ET, with the next report scheduled for May 27. This high-frequency update provides timely insight into evolving U.S. private employment patterns.
