2026-02-04 13:15:00
- Prior was +41K (revised to +37K)
- Goods +1K versus -3K last month
- Service +21K versus +44K last month
- small business K vs +9K prior
- medium businesses K vs +34K last month
- large businesses K vs +2K last month
- Wages for job stayers % vs 4.4% last month
- Wages for job changers % vs 6.6% last month
ADP employment
Sector changes.
- Education and health K vs +39K prior
- Leisure hospitality K vs +24K prior
- Trade transportation and utilities K vs +11K prior
- Financial activities K vs +6K prior
- Professional business services K vs- 29K prior
For background, the ADP National Employment Report is an independent monthly measure of private-sector employment in the United States, produced by ADP Research in collaboration with the Stanford Digital Economy Lab. Based on anonymized payroll data from more than 26 million employees across over half a million companies, the report provides a high-frequency view of labor market trends and is typically released on the first Wednesday of each month, two days before the official Bureau of Labor Statistics jobs report.
The report tracks changes in private-sector employment by industry, company size, and geographic region, alongside insights into wage growth for both job-stayers and job-changers. In October 2025, private employers added 42,000 jobs following a revised 29,000 job loss in September, with growth concentrated among large establishments. However, November marked a sharp reversal, as private businesses cut 32,000 jobs, the biggest decline since March 2023, led by substantial losses among small establishments. December brought a modest recovery, with private employers adding 41,000 jobs, driven primarily by education, health services, and leisure/hospitality sectors. Throughout this period, annual pay growth for job-stayers held steady around 4.4-4.5%, reflecting a moderating wage environment.
