ADP weekly 4-week moving average of private employment 11.5K vs 17.5K prior

Overview of ADP Employment Data

The latest data from ADP shows that private employment added 11.5K jobs for the week ending December 6, down from the prior week’s 17.5K. This change may have implications for market sentiment as it reflects a slowdown in hiring compared to the previous trend.

Changes in Employment Numbers and Their Significance

For the four weeks ending November 29, private employers added an average of 17.5K jobs per week, signaling a potential recovery in hiring. However, the current figures indicating a slowdown raise concerns about the sustainability of this recovery. The term "choppy" is often used to describe the current job market behavior.

Future Outlook

The ADP NER Pulse is designed to provide timely insights into labor market conditions, superior to traditional monthly reports. It can capture rapid economic shifts that may affect hiring trends. The latest report shows positive job growth but uncertainty remains regarding the acceleration of job recovery.

Conclusion

Together with other economic indicators, the ADP employment data will serve as a critical measure of labor market trends that can inform investment strategies moving forward.