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Private payroll losses accelerated in the past four weeks, ADP reports
Private companies in the U.S. lost 13,500 jobs weekly over the last month, up from 2,500, reflecting a weakening labor market amid delayed government data releases.
- On Nov. 25, 2025, ADP Research reported U.S. private employers lost an average of 13,500 jobs per week for the four weeks ending November 8, 2025, via its NER Pulse from Roseland, N.J.
- With a government shutdown delaying releases, alternative data like ADP's NER Pulse has filled gaps left by the Bureau of Labor Statistics and Bureau of Economic Analysis, increasing reliance ahead of the Federal Reserve Dec. 9-10 meeting.
- The NER Pulse uses a four-week moving average and relies on ADP's high-frequency payroll-processing data to produce seasonally adjusted, preliminary estimates with a two-week lag.
- ADP's findings prompted market reactions as the pace of layoffs has picked up over the past four weeks, signaling a weakening labor market, with officials and analysts expecting rate cuts at next month’s meeting.
- Despite a BLS report showing 119,000 payroll growth, Goldman Sachs' Jan Hatzius said alternative indicators show renewed job losses in October and there is little on the calendar to derail a December 10 cut.
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15 Articles
Why ADP’s New Data Shows A Sharp Jump In Weekly Layoffs
The U.S. labor market is flashing new warning signs as private payroll losses accelerate, according to fresh data from ADP. The payroll processor reported that private employers shed an average of 13,500 jobs per week over the past four weeks, a sharp jump from the 2,500-per-week decline reported just a week earlier. With the federal government shutdown still delaying major economic releases, ADP’s running updates have become one of the few real…
Coverage Details
Total News Sources15
Leaning Left1Leaning Right2Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
C 73%
R 18%
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