Private sector employers have added an average of 14,250 jobs per week over the past four weeks, a turnaround from negative numbers in September, according to new preliminary data released by ADP.
Stepping into the gap caused by the government shutdown, ADP will now release its four-week average weekly employment change every Tuesday with a two-week lag. Today’s numbers are the average for the four weeks ending October 11th.
“ADP’s near real-time weekly jobs report will provide a clearer picture of the labor market at this critical time for the economy… providing a dynamic view of job creation and loss with an unprecedented level of weekly detail,” said Nella Richardson, chief economist at ADP.
The preliminary data will be different from the well-known and closely tracked national jobs report, which is generally released on Wednesday before the government’s pay statistics. The NER measures the monthly change in employment growth for the week containing the 12th of the month and provides details of employment growth by sector.
The preliminary data serves as a guide for the monthly data and provides a four-week moving average of weekly employment growth. Revised monthly to coincide with NER releases.
The increase of 14,250 people suggests a four-week monthly employment gain of about 55,000 total, compared to the -32,000 decrease reported in September in the NER. However, the totals may be revised depending on the release of NER.
