“Hiring has begun to increase from September levels, albeit slowly and without the positive momentum we saw earlier in the year. This tepid recovery could support economic growth, however, because our run of week-over-week job losses seems to have been relatively short-lived.”
ADP steps in as official data stalls
The new weekly release, which ADP said will be published every Tuesday, comes as the US government shutdown continues to disrupt the release of official labor data.
With the Bureau of Labor Statistics sidelined, ADP’s data has become a critical resource for market watchers and policymakers seeking real-time insight into employment trends.
The shift to weekly reporting marks a significant change for ADP, which has published monthly payroll data since 2010. The company’s new cadence is designed to provide a “dynamic view of job creation and loss at an unprecedented level of weekly detail,” Richardson said.
The preliminary numbers, which will be revised with the monthly National Employment Report, suggest a modest rebound from the 32,000 private-sector jobs lost in September.
