The private sector in the United States added about 14,250 jobs weekly on average during the four weeks ending on October 11, marking a significant shift compared to the negative figures from September.
Preliminary data indicates that this weekly average equates to the addition of about 55,000 jobs monthly, while the sector lost 32,000 jobs in September.
This data differs from the private sector jobs report that the company typically releases on Wednesday before the non-farm payroll report is published on the first Friday of each month.
ADP announced today that it will begin issuing an initial weekly estimate of private sector jobs every Tuesday, aiming to provide an updated picture of the labor market in the private sector based on its accurate data.
The weekly change average for jobs will be presented over four weeks with a two-week lag every Tuesday, with today’s data reflecting the four-week average ending on October 11.
