US Private Hiring Cools for Second Consecutive Week

The figures, derived from a four-week moving average and seasonally adjusted by ADP Research, show a notable drop from the 24,250 jobs per week recorded for the period ending June 13. The current estimate reflects a broader cooling trend that has seen weekly job additions slide from peaks exceeding 40,000 in early April. ADP Research notes that these estimates are preliminary and remain subject to revision as additional payroll data is processed.

Produced in collaboration with the Stanford Digital Economy Lab, the NER Pulse utilizes high-frequency data to track real-time employment shifts with a two-week reporting lag. The next update is scheduled for release on July 14, 2026.