SKN | U.S. Private Payroll Growth Extends Winning Streak as Hiring Momentum Improves
Economic Reports & Macro Data Private Hiring Maintains Its Positive Streak The latest ADP Research data shown in the chart point to a fifth straight week of gains in private employment. The four-week average increased by an average of 23,750 jobs for the four weeks ending September 19, extending a recovery that has become increasingly visible since the summer. The four-week average is particularly useful because weekly employment data can be volatile. Rather than focusing on a single week’s movement, the measure smooths short-term fluctuations and provides a clearer indication of the underlying direction of private-sector hiring. The latest positive streak stands in contrast to the beginning of the period shown in the chart, when private payroll changes were deeply negative. Hiring subsequently stabilized and […]