ADP Weekly Estimate Shows Four-Week Job Additions Average at 29,000
ADP•U.S. private employers added an average of 29,000 jobs per week over the four weeks ending May 23, the weakest pace since late March. This marks the third consecutive weekly decline from a 40,750-job average in early May, signaling a slowdown that may temper demand for ADP’s payroll services.
1. Preliminary Employment Estimate
ADP’s NER Pulse indicates U.S. private employers added an average of 29,000 jobs per week for the four weeks ending May 23. These estimates are seasonally adjusted and represent real-time trends with a two-week data lag.
2. Weekly Trend Analysis
The four-week average fell from 40,750 in early May to 29,000, marking three straight weekly declines after peaking at 40,750 for the period ending May 2. This easing suggests a moderating pace in private-sector hiring.
3. Implications for ADP
Slower employment growth may reduce demand for ADP’s payroll and HR solutions, potentially impacting service volumes and revenue growth in upcoming quarters. Investors may monitor subsequent updates for confirmation of this trend.
4. Methodology and Next Release
The NER Pulse uses a four-week moving average based on high-frequency ADP payroll data and publishes weekly at 8:15 a.m. ET, with the next report scheduled for June 16.
