ADP: US Private Hiring Remains Positive, But Pace Remains Moderate
The weekly employment indicator from ADP shows that the US private sector labor market is still expanding, albeit not aggressively. The four-week average employment change through December 20th rose to 11,750 per week, up from a revised 11,000. This data confirms that private companies are still hiring, but the hiring pace remains measured.
Since the start of 2025, this indicator has averaged 2,320, indicating a trend that tends to be stable but not explosive. This means the labor market is still "moving," but not showing signs of excessive hiring expansion.
For context, this indicator reached a high of 17,500 in November, while its lowest level was -11,750 during the same period. These fluctuations indicate that the labor market can change rapidly, but currently remains positive.
For the market, data like this is usually interpreted as a signal that the US economy still has some steam, but wage and inflation pressures aren't necessarily surging. In other words, hiring is still strong, but not hot enough to force a sudden change in interest rate policy.
Source: Newsmaker.id
