ADP NER Pulse October 2026: private hiring cools to 16,750 jobs a week, a second straight slowdown

The ADP National Employment Report Pulse, released October 27 at 8:15 a.m. Eastern, put the four-week average of private payroll gains at 16,750 jobs a week for the period ending October 10. That is down from a revised 17,500 in the prior reading and about 36 percent below the late-September peak of 26,000. ADP said hiring slowed for the second week. The readings are preliminary and subject to revision as new pay data arrives, and the series is seasonally adjusted and carried on a two-week lag.

This is the first high-frequency read on the early October reference period, and it lands right before a heavy stretch of the jobs calendar. The FOMC decision is October 28, the Q3 Employment Cost Inde…