Core Insights - The ADP National Employment Report indicates that U.S. private employers added an average of 10,000 jobs per week for the four weeks ending March 7, 2026, showing a slight increase from the previous week's average of 9,000 jobs [1][9]. Employment Trends - Employment gains for the first week of March remained stable compared to the previous week, with the four-week moving average showing fluctuations: 14,750 jobs added in the week ending February 21, 2026, and 15,500 jobs in the week ending February 14, 2026 [2][3]. - The four-week moving average for job additions has shown a general upward trend from 4,250 jobs in the week ending January 3, 2026, to 10,000 jobs by March 7, 2026 [2][3]. Data Methodology - The NER Pulse provides a week-over-week estimate of employment changes based on a four-week moving average, utilizing ADP's high-frequency data, which is seasonally adjusted and includes a two-week lag for accuracy [3][4]. - The NER Pulse is published every Tuesday at 8:15 a.m. ET, except during the release of the monthly National Employment Report, which is based on a reference week including the 12th day of the month [4][5].

Core Insights - The ADP National Employment Report indicates that U.S. private employers added an average of 15,500 jobs per week for the four weeks ending February 21, 2026, showing steady employment gains after five consecutive weeks of improvement [1][1][1] Employment Data Summary - For the week ending February 21, 2026, the four-week moving average of job additions was 15,500, consistent with the previous week [1] - The job additions over the preceding weeks were as follows: - February 14, 2026: 15,500 - February 7, 2026: 12,000 - January 31, 2026: 11,500 - January 24, 2026: 7,250 - January 17, 2026: 5,500 - January 10, 2026: 4,250 - January 3, 2026: 8,000 - December 27, 2025: 4,250 - December 20, 2025: 8,000 [1][1][1] Data Methodology - The NER Pulse is based on a four-week moving average and is seasonally adjusted, with a two-week lag to enhance the accuracy of real-time employment trends [1] - The report is published every Tuesday at 8:15 a.m. ET, except during the release of the monthly National Employment Report [1]

Core Insights - Private sector employment increased by 63,000 jobs in February 2026, with annual pay rising by 4.5% year-over-year [1] - The report indicates a concentration of hiring in specific sectors, with a record low pay premium for job changers [1] Employment Report - Private employers added 63,000 jobs in February, marking the best job gains since July 2025 [1] - Job growth by industry: - Goods-producing: 16,000 - Manufacturing: -5,000 - Construction: 19,000 - Natural resources/mining: 2,000 - Service-providing: 47,000 - Education/health services: 58,000 - Professional/business services: -30,000 - Financial activities: 2,000 - Information: 11,000 - Trade/transportation/utilities: -1,000 [1] Regional Employment Changes - Employment changes by U.S. regions: - Northeast: 11,000 - South: 37,000 - West: 19,000 - Midwest: -4,000 [1] Establishment Size Impact - Job changes by establishment size: - Small establishments (1-19 employees): 58,000 - Medium establishments: -7,000 - Large establishments (500+ employees): 10,000 [1] Pay Insights - Pay for job-stayers rose by 4.5% year-over-year, while pay growth for job-changers slowed to 6.3% [1] - Median change in annual pay for job-stayers by industry: - Manufacturing: 4.9% - Construction: 4.7% - Education/health services: 4.3% [1] Revision of Previous Data - The total number of jobs added in January was revised from 22,000 to 11,000 [1]

Core Insights - The NER Pulse indicates that U.S. private employers added an average of 12,750 jobs per week for the four weeks ending February 7, 2026, marking the fourth consecutive week of job gains [1] - The data is based on a four-week moving average and is seasonally adjusted, with a two-week lag for accuracy [1] Employment Trends - Job additions have shown a consistent upward trend, increasing from 4,250 jobs in the week ending January 10, 2026, to 12,750 jobs by February 7, 2026 [1] - The weekly job additions for the preceding weeks were as follows: 5,500 (January 17), 7,250 (January 24), and 11,500 (January 31) [1] Data Release Information - The NER Pulse is published every Tuesday at 8:15 a.m. ET, except during the release of the monthly National Employment Report [2] - The next NER Pulse is scheduled for release on March 10, 2026 [3] About ADP Research - ADP Research aims to enhance workplace productivity through data-driven insights, serving companies, workers, and policymakers [4] - The organization provides employment and pay data, methodology, and a calendar of release dates through its platform [4] About ADP - ADP has over 75 years of experience in HR and payroll solutions, serving more than 1.1 million clients across over 140 countries [5] - The company focuses on innovative solutions that leverage AI-driven insights to support business challenges and enhance workplace success [5]

Core Insights - ADP is a leading provider in the HR and payroll solutions sector, serving over 1.1 million clients globally and focusing on data-driven workplace solutions [1] - The latest ADP National Employment Report shows a positive trend in U.S. private employment, with an average of 6,500 jobs added weekly for the four weeks ending January 24, 2026 [2] - ADP's recent earnings report revealed earnings per share of $2.62 and revenue of approximately $5.36 billion, both exceeding market expectations [3] - Despite positive employment trends and strong financial results, ADP's stock price has seen fluctuations, currently priced at $223.92, down approximately 1.19% [4] - Analyst David Grossman from Stifel Nicolaus has set a price target of $270 for ADP, indicating a potential upside of about 16.7% from the current price [5] Financial Performance - ADP reported earnings per share of $2.62, surpassing the estimated $2.57, and achieved revenue of approximately $5.36 billion, exceeding the estimated $5.34 billion [3][6] - The stock has fluctuated, with a current price of $223.92, reflecting a decrease of about 1.19% [4][6] Employment Trends - The ADP National Employment Report indicates a positive trend in U.S. private employment, with an average of 6,500 jobs added per week [2][6]

Group 1 - The ADP National Employment Report indicates that U.S. private employers added an average of 6,500 jobs per week for the four weeks ending January 24, 2026, reflecting a slight increase from the previous week [1] - The job gains have shown a week-over-week increase, with the previous week's average at 5,000 jobs and the week before that at 3,750 jobs [1] - The NER Pulse is based on a four-week moving average and is seasonally adjusted, providing a more accurate estimate of real-time employment trends [1] Group 2 - The next NER Pulse report is scheduled for release on February 17, 2026, and will continue to provide insights into employment trends [1] - ADP Research collaborates with the Stanford Digital Economy Lab to produce the ADP National Employment Report and the NER Pulse, emphasizing the importance of data-driven discovery in understanding the future of work [1] - ADP has been a leader in HR and payroll solutions for over 75 years, serving more than 1.1 million clients across 140+ countries [1]

Core Insights - Private sector employment increased by 22,000 jobs in January 2026, with a year-over-year pay increase of 4.5% [1][10] - Job creation has slowed significantly, with 398,000 jobs added in 2025 compared to 771,000 in 2024, indicating a continuous decline over the past three years [3] Employment Changes - The education and health services sector was a standout, adding 74,000 jobs, while manufacturing has lost jobs every month since March 2024 [4] - The breakdown of job changes by industry shows: - Goods-producing: 1,000 jobs added - Service-providing: 21,000 jobs added [5] - Regional job changes included: - Northeast: 17,000 jobs added - Midwest: 25,000 jobs added - South: -10,000 jobs lost - West: -11,000 jobs lost [6][8][9] Pay Insights - Pay for job-stayers rose by 4.5% year-over-year, while pay growth for job-changers slowed to 6.4% from 6.6% [10] - Median annual pay changes for job-stayers varied by industry, with notable figures including: - Financial activities: 5.2% - Education/health services: 4.4% [14][22] Establishment Size Impact - Job changes by establishment size indicated: - Small establishments: 0 jobs added - Medium establishments: 41,000 jobs added - Large establishments (500+ employees): -18,000 jobs lost [9]

Group 1 - For the four weeks ending January 3, 2026, U.S. private employers added an average of 7,750 jobs per week, marking a decline in job gains for the third consecutive week [1] - The job gains for the previous weeks were 8,000 for the week ending December 27, 2025, 11,000 for December 20, 2025, and 10,500 for December 13, 2025, indicating a downward trend [1] - The NER Pulse provides a four-week moving average of employment changes, based on ADP's high-frequency data, which is seasonally adjusted and has a two-week lag for accuracy [1] Group 2 - The NER Pulse is published every Tuesday at 8:15 a.m. ET, except during the release of the monthly National Employment Report [2] - The next NER Pulse is scheduled for release on February 10, 2026, with a calendar available on the NER website [3]

Core Insights - The NER Pulse indicates that U.S. private employers added an average of 8,000 jobs per week for the four weeks ending December 27, 2025, reflecting a modest slowdown in hiring during the last week of 2025 [1]. Employment Data Summary - The four-week moving average of job additions showed the following weekly changes: - Week ending 12/27/2025: 8,000 jobs - Week ending 12/20/2025: 11,250 jobs - Week ending 12/13/2025: 10,250 jobs - Week ending 12/6/2025: 8,750 jobs - Week ending 11/29/2025: 13,250 jobs - Week ending 11/22/2025: 3,750 jobs - Week ending 11/15/2025: -8,500 jobs - Week ending 11/8/2025: -11,750 jobs - Week ending 11/1/2025: -7,500 jobs - Week ending 10/25/2025: -4,750 jobs - Week ending 10/18/2025: 11,500 jobs - Week ending 10/11/2025: 10,250 jobs [1]. NER Pulse Release Information - The NER Pulse is published every Tuesday at 8:15 a.m. ET, except during the weeks when the monthly National Employment Report is released [2]. - The next NER Pulse is scheduled for release on January 27, 2026 [3]. About ADP Research - ADP Research aims to enhance workplace productivity through data-driven insights, providing valuable information for companies, workers, and policymakers [4]. - ADP has over 75 years of experience in HR and payroll solutions, serving more than 1.1 million clients across 140+ countries [5].

Group 1 - The NER Pulse indicates that U.S. private employers added an average of 11,750 jobs per week for the four weeks ending December 20, 2025, showing an increase from the previous week [1] - The job gains have shown a fluctuating trend, with the previous week's average at 11,000 jobs and the week before that at 8,750 jobs [1] - The NER Pulse is based on a four-week moving average and is seasonally adjusted, with a two-week lag for more accurate employment trend estimates [1] Group 2 - The NER Pulse is published every Tuesday at 8:15 a.m. ET, except during the release of the monthly National Employment Report [2] - The next NER Pulse is scheduled for release on January 20, 2026 [2] - The ADP National Employment Report and NER Pulse are produced in collaboration with the Stanford Digital Economy Lab [3]