The latest ADP report reveals that U.S. private employers added an average of 4,750 jobs per week over the four weeks ending 22 November 2025. This figure is based on the NER Pulse, a weekly update derived from the monthly ADP National Employment Report (NER).
ADP Research provides these preliminary weekly estimates three times per month, using a four-week moving average. The data, which is seasonally adjusted and released with a two-week lag, is sourced from ADP’s high-frequency and finely tuned employment data.
Recent reports show some fluctuations in employment numbers. The most recent weekly ADP figure was -13,500 jobs, while last month’s ADP monthly number indicated a decline of 32,000 jobs. Despite this, the four-week average remains positive.
Following the release of the latest ADP data, which suggests some resilience in private sector hiring, the US dollar has strengthened.
For forex traders, the mixed signals from the ADP employment numbers highlight the importance of watching both weekly and monthly reports, as well as the broader trend reflected in the four-week average, to gauge the true momentum in US labour market conditions.
Original Source: Greg Michalowski of investinglive.com
