Core Insights - The NER Pulse indicates that U.S. private employers added an average of 16,250 jobs per week for the four weeks ending November 29, 2025, suggesting a potential rebound in hiring after a period of job losses [1] - The data reflects a significant improvement from previous weeks, where job losses were recorded at -9,250, -12,000, and -7,250 for the weeks ending November 15, November 8, and November 1, respectively [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] Employment Trends - The four-week moving average for the week ending November 29, 2025, shows a notable increase compared to the previous weeks, indicating a shift in employment dynamics [1] - The job additions in the last week of November mark a significant turnaround from the negative job growth observed in earlier weeks of the month [1] Data 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 will be released on January 12, 2026, following a pause on December 30, 2025, due to the reference week for the monthly report [3]

Core Insights - 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, which is a weekly update of the monthly ADP National Employment Report [1] Group 1: Employment Data - ADP Research publishes preliminary estimates of week-over-week changes in U.S. employment based on a four-week moving average, utilizing high-frequency data that is seasonally adjusted and released with a two-week lag [2] - The NER Pulse is published every Tuesday at 8:15 am ET, except during NER release weeks, and includes 12 weeks of historical data [2][3] Group 2: ADP Research and Collaboration - The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab, with NER Pulse numbers being preliminary and subject to change as new data is added [3] Group 3: About ADP - ADP has over 75 years of experience in shaping the world of work, providing HR and payroll solutions to more than 1.1 million clients across over 140 countries [5] - The company focuses on innovation and expertise to solve business challenges, offering tools for small businesses to fully integrated platforms for global enterprises [5]

Core Insights - Private sector employment decreased by 32,000 jobs in November 2025, with year-over-year pay growth at 4.4% [1] - Job creation has been stagnant in the second half of 2025, with notable weaknesses in manufacturing, professional and business services, information, and construction sectors [1] Employment Report - Private employers lost 32,000 jobs in November 2025, with significant declines in small businesses leading the downturn [1] - Job losses by industry included: - Goods-producing: -119,000 (Natural resources/mining: 8,000; Construction: -9,000; Manufacturing: -18,000) - Service-providing: -13,000 (Trade/transportation/utilities: 1,000; Information: -20,000; Financial activities: -9,000; Professional/business services: -26,000; Education/health services: 33,000; Leisure/hospitality: 13,000; Other services: -4,000) [1] - Job changes by region showed: - Northeast: -100,000 (New England: -50,000; Mid-Atlantic: -49,000) - Midwest: +45,000 (East North Central: +41,000; West North Central: +4,000) - South: -43,000 (South Atlantic: -78,000; East South Central: +31,000; West South Central: +3,000) - West: +67,000 (Mountain: +13,000; Pacific: +54,000) [1] - Changes by establishment size indicated: - Small establishments: -120,000 (1-19 employees: -46,000; 20-49 employees: -74,000) - Medium establishments: +51,000 (50-249 employees: +31,000; 250-499 employees: +20,000) - Large establishments: +39,000 (500+ employees: +39,000) [1] Pay Insights - Year-over-year pay growth for job-stayers was 4.4%, down from 4.5% in October, while job-changers saw a pay increase of 6.3%, down from 6.7% [1] - Median annual pay changes for job-stayers by industry included: - Goods-producing: Natural resources/mining: 4.3%; Construction: 4.4%; Manufacturing: 4.8% - Service-providing: Trade/transportation/utilities: 4.4%; Information: 4.2%; Financial activities: 5.2%; Professional/business services: 4.2%; Education/health services: 4.3%; Leisure/hospitality: 4.5%; Other services: 4.0% [1] - Median annual pay changes for job-stayers by firm size included: - Small firms: 1-19 employees: 2.5%; 20-49 employees: 4.0% - Medium firms: 50-249 employees: 4.7%; 250-499 employees: 4.8% - Large firms: 500+ employees: 4.9% [1]

Core Insights - For the four weeks ending November 8, 2025, U.S. private employers experienced an average job loss of -13,500 jobs per week according to the NER Pulse, which is a weekly update of the ADP National Employment Report [1] Group 1: Employment Data - The NER Pulse provides preliminary estimates of week-over-week changes in U.S. employment based on a four-week moving average, utilizing ADP's high-frequency data [1][3] - The data is seasonally adjusted and released with a two-week lag, indicating a structured approach to employment reporting [1] Group 2: ADP Research and Collaboration - The ADP National Employment Report and the NER Pulse are produced in collaboration with the Stanford Digital Economy Lab, highlighting a partnership aimed at enhancing employment data accuracy [3] - ADP Research focuses on making the future of work more productive through data-driven discovery, serving companies, workers, and policymakers [3] Group 3: ADP Overview - ADP has over 75 years of experience in shaping the world of work, providing HR and payroll solutions to more than 1.1 million clients across over 140 countries [5] - The company emphasizes innovation and expertise, aiming to solve business challenges for clients of all sizes [5]

Core Insights - The government shutdown has led to a "data fog," causing reliance on private data sources to assess economic conditions [1] - The ADP National Employment Report indicates a surprising increase in private-sector employment for October [2] Employment Data - The ADP payroll report, based on anonymized data from over 26 million private-sector employees, provides a high-frequency view of the labor market [3][4] - In October, private-sector employment rose by 42,000 jobs, with a year-over-year pay increase of 4.5% [5] - The growth in employment was primarily driven by the education, health care, and trade, transportation, and utilities sectors [5] Job Losses and Sector Performance - For the third consecutive month, job losses occurred in professional business services, information, and leisure and hospitality sectors [6] - The breakdown of job changes by industry shows: - Goods-producing: 9,000 jobs - Service-providing: 33,000 jobs [9] - Regional job changes indicate: - Northeast: -12,000 - Midwest: 9,000 - South: 6,000 - West: 40,000 [10] Detailed Sector Analysis - Specific job changes by sector include: - Natural resources/mining: 7,000 - Construction: 5,000 - Manufacturing: -3,000 - Trade/transportation/utilities: 47,000 - Information: -17,000 - Financial activities: 11,000 - Professional/business services: -15,000 - Education/health services: 26,000 - Leisure/hospitality: -6,000 - Other services: -13,000 [11]

Core Insights - Private sector employment increased by 42,000 jobs in October, marking a rebound from previous months of weak hiring, although the growth was not broad-based [1][3][4] - Year-over-year pay growth remained unchanged at 4.5% for job-stayers and 6.7% for job-changers, indicating a balance in supply and demand in the labor market [2][6] Employment Changes - Job growth by industry showed significant contributions from education and health care, and trade, transportation, and utilities, while professional business services, information, and leisure and hospitality sectors experienced job losses [3][4] - The breakdown of job changes by establishment size revealed that large establishments (500+ employees) added 73,000 jobs, while small and medium establishments lost 10,000 and 21,000 jobs respectively [4][5] Regional Employment Trends - Employment changes varied by region, with the West adding 40,000 jobs, while the Northeast saw a decline of 12,000 jobs [4][5] - Specific regional performance included a gain of 7,000 jobs in New England and a loss of 20,000 jobs in the Mid-Atlantic [5] Pay Insights - Pay growth for job-stayers was consistent at 4.5%, with variations across different firm sizes, where large firms reported a median change of 4.9% [6][9] - The pay growth for job-changers was notably higher at 6.7%, reflecting a trend where employees switching jobs are experiencing better pay increases [6] Additional Information - The total number of jobs added in September was revised from -32,000 to -29,000, indicating a slight improvement in previous estimates [7] - The next ADP National Employment Report is scheduled for release on December 3, 2025 [7]

Core Insights - ADP has announced a preliminary U.S. estimate indicating an average increase of 14,250 jobs in the four weeks ending on October 11, 2025, providing a timely view of the labor market [3][4]. Employment Data Release - ADP will release a weekly preliminary estimate of private sector employment every Tuesday, starting from October 28, 2025, to offer a directional indicator of the labor market [1][4]. - A comprehensive monthly jobs report will continue to be released on the first Wednesday of each month, based on anonymized payroll data from over 26 million private-sector employees in the U.S. [2][4]. Methodology and Collaboration - The preliminary estimate is based on ADP's high-frequency data and is produced in collaboration with the Stanford Digital Economy Lab, ensuring a dynamic view of job creation and loss [3][4]. - ADP's data is derived from anonymized and aggregated administrative data on private-sector payrolls, providing a detailed picture of employment changes [4][6]. Future Reporting Schedule - The next monthly ADP National Employment Report will be released on November 5, 2025, followed by subsequent weekly preliminary estimates on November 11, 18, and 25, 2025 [5][6].

Core Insights - Private sector employment decreased by 32,000 jobs in September 2025, with year-over-year pay growth at 4.5% [1][4][8] - The ADP National Employment Report indicates a cautious hiring approach by U.S. employers despite strong economic growth in the previous quarter [2] Employment Changes - Total job loss in September was 32,000, with goods-producing sectors losing 3,000 jobs and service-providing sectors losing 28,000 jobs [5][4] - Job losses were observed across various regions: Northeast gained 21,000 jobs, Midwest lost 63,000, South gained 3,000, and West gained 15,000 [5] - Small establishments saw a loss of 40,000 jobs, while large establishments (500+ employees) gained 33,000 jobs [5] Industry-Specific Changes - Notable job losses by industry included leisure/hospitality (-19,000), professional/business services (-13,000), and financial activities (-9,000) [7] - Education/health services added 33,000 jobs, indicating growth in that sector [7] Pay Insights - Year-over-year pay growth for job-stayers remained stable at 4.5%, while pay growth for job-changers decreased to 6.6% from 7.1% in August [8] - Median annual pay change for job-stayers varied by firm size, with large firms (500+ employees) showing a median change of 4.8% [9] Benchmarking and Revisions - ADP conducted a preliminary rebenchmarking of the National Employment Report, resulting in a reduction of 43,000 jobs compared to pre-benchmarked data [4][11] - The number of jobs created in August was revised from 54,000 to a loss of 3,000 [11]

Core Insights - Private sector employment increased by 54,000 jobs in August 2025, with a year-over-year pay increase of 4.4% [1][9] - The ADP National Employment Report provides an independent measure of the labor market based on anonymized payroll data from over 26 million private-sector employees in the U.S. [2] Employment Changes - Job growth was primarily in the service-providing sector, which added 42,000 jobs, while the goods-producing sector added 13,000 jobs [5] - The leisure and hospitality industry saw significant growth, adding 50,000 jobs, while construction added 16,000 jobs [4][7] - The report highlighted a month-over-month slowdown in hiring, attributed to factors such as labor shortages and consumer uncertainty [3] Regional Employment Changes - Employment changes by region included: Northeast (+15,000), Midwest (+14,000), South (+4,000), and West (+8,000) [6][8] - Specific regional performance showed variations, with the East North Central region adding 17,000 jobs, while the West North Central region lost 3,000 jobs [7] Establishment Size Impact - Job additions by establishment size were: small establishments (+12,000), medium establishments (+25,000), and large establishments (+18,000) [8] - Large establishments (500+ employees) contributed 18,000 jobs to the overall increase [8] Pay Insights - Year-over-year pay growth for job-stayers was 4.4%, while job-changers experienced a higher growth rate of 7.1% [9][13] - Pay growth varied by industry, with financial activities showing a 5.1% increase and leisure/hospitality at 4.5% [13][20]