US Private Employers Add 19,750 Weekly Jobs as Hiring Slows for 3rd Straight Week
Updated
Updated · PR Newswire · Jul 14
US Private Employers Add 19,750 Weekly Jobs as Hiring Slows for 3rd Straight Week
3 articles · Updated · PR Newswire · Jul 14
Summary
U.S. private employers added an average 19,750 jobs a week in the four weeks ended June 27, according to ADP's NER Pulse, marking the weakest reading in the 12-week series shown.
That average has fallen for three straight weeks, from 24,250 on June 13 and 21,000 on June 20, extending a broader slide from 40,750 in the week ended May 2.
ADP said the figures are preliminary, seasonally adjusted estimates based on a four-week moving average of high-frequency payroll data and carry a two-week lag for fuller reporting.
The weekly gauge offers a near-real-time read on private-sector labor demand ahead of broader employment data, with the next NER Pulse due July 21.