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ADP Rolls Out Weekly Payrolls Data After Halting Data to Fed - Bloomberg Businessweek
(X-Post from Cable News Clips at another DUer's request.)
Oct 28, 2025 Latest Videos from Bloomberg Radio
Matt Luzzetti, chief US economist at Deutsche Bank, reacts to the latest jobs data and the news that ADP will release its jobs data on a weekly basis at the same time the company has suspended its service providing that data directly to the Federal Reserve.
ADP Research will now be releasing US payroll data on a weekly basis, in addition to its monthly report, to provide high-frequency insights into the labor market.
The figures, which are a four-week moving average of the latest total private employment change, will be released on Tuesdays at 8:15 a.m. New York time. ADP estimates payrolls increased 14,250 on average in the four weeks ended Oct. 11, according to a statement Tuesday.
Up until recently, ADP provided a version of weekly payrolls to the Federal Reserve, which policymakers used to gain insight into the private-sector job market. But the payroll services firm stopped providing the data, which covers about 20% of the US private labor force, after an Aug. 28 speech by Fed Governor Christopher Waller that referenced the statistics, Bloomberg News reported.
It isn’t clear why the data-sharing arrangement was suspended, and ADP Chief Economist Nela Richardson declined to elaborate on a call with reporters Tuesday. Senator Elizabeth Warren asked the company what prompted the move in a letter Monday, urging the firm to make the data publicly available — at least while the government is shut down.
Richardson said she’s been thinking about releasing weekly data since she joined ADP five years ago, when the economy was still reeling from the pandemic. She said the weekly series is “unprecedented” and will help track structural changes in the labor market, like the advent of artificial intelligence, as well as demographic changes like an aging workforce. Richardson is a contributor to Bloomberg Television.
Matt Luzzetti, chief US economist at Deutsche Bank, reacts to the latest jobs data and the news that ADP will release its jobs data on a weekly basis at the same time the company has suspended its service providing that data directly to the Federal Reserve.
ADP Research will now be releasing US payroll data on a weekly basis, in addition to its monthly report, to provide high-frequency insights into the labor market.
The figures, which are a four-week moving average of the latest total private employment change, will be released on Tuesdays at 8:15 a.m. New York time. ADP estimates payrolls increased 14,250 on average in the four weeks ended Oct. 11, according to a statement Tuesday.
Up until recently, ADP provided a version of weekly payrolls to the Federal Reserve, which policymakers used to gain insight into the private-sector job market. But the payroll services firm stopped providing the data, which covers about 20% of the US private labor force, after an Aug. 28 speech by Fed Governor Christopher Waller that referenced the statistics, Bloomberg News reported.
It isn’t clear why the data-sharing arrangement was suspended, and ADP Chief Economist Nela Richardson declined to elaborate on a call with reporters Tuesday. Senator Elizabeth Warren asked the company what prompted the move in a letter Monday, urging the firm to make the data publicly available — at least while the government is shut down.
Richardson said she’s been thinking about releasing weekly data since she joined ADP five years ago, when the economy was still reeling from the pandemic. She said the weekly series is “unprecedented” and will help track structural changes in the labor market, like the advent of artificial intelligence, as well as demographic changes like an aging workforce. Richardson is a contributor to Bloomberg Television.