Private sector created nearly 15,000 jobs a week over the past month, preliminary ADP data shows

Core Insights - ADP reports an average addition of 14,250 jobs per week over the past four weeks, indicating a recovery from negative job growth in September [1][5] - The new data will provide a four-week average of weekly employment changes with a two-week lag, enhancing the understanding of labor market dynamics [2][3] - This preliminary data serves as a guide to the monthly National Employment Report (NER), which will be revised monthly [4][5] Employment Data Overview - The four-week moving average suggests a total monthly job growth of approximately 55,000, contrasting with a reported loss of 32,000 jobs in September [5] - ADP's near real-time employment data aims to deliver a more detailed and dynamic view of job creation and loss [3]