U.S. private employers added an average of 11,750 jobs per week
The pace of job gains edged up from the prior week (revised to 11.K from 11.0K last week) . These numbers are preliminary and could change as new data are added.
Below is a look at the trend since October. The values are near recent highs suggesting growth but modest growth.
The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP’s finely tuned, high-frequency data. The data are seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.
The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month.
Recall that the monthly report ADP National Employment report for the month of December showed a gain of 41K. That compared to 50K from the BLS employment change (vs 60K estimate).
This article was written by Greg Michalowski at investinglive.com.