ADP

Nov. 25 (UPI) — Private companies’ payrolls decreased by an average of 13,500 jobs for each of the four weeks ending Nov. 8, data from payroll processing company ADP indicates Tuesday.

The data was released as part of ADP’s weekly National Employment Report Pulse based on a four-week moving average of employment across the country. ADP releases this report three times a month, on the weeks when it doesn’t publish its monthly report, the last of which was Nov. 5.

The Nov. 5 report showed that private companies added 42,000 jobs in October.

Last week’s NER Pulse report showed a 2,500 average weekly job loss. The jump to 13,500 jobs lost per week is reflective of the growing pace of layoffs.

U.S. companies cut more than 150,000 jobs in October, the highest number of layoffs for that month since 2003.

Economists have had to rely more on ADP’s weekly and monthly reports as the release of federal data continues to be affected by the record 43-day shutdown, which ended Nov. 12, CNBC reported.

On Wednesday, the Bureau of Labor Statistics said its October jobs report won’t be released as planned. Instead, some of the data will come out in the full report for November. BLS officials said the report won’t include the unemployment rate for October because those figures allegedly couldn’t be collected during the shutdown.

Nov. 5 (UPI) — ADP reported Wednesday that jobs growth for October provided better insight after fears of further decline after September’s report.

Some 42,000 jobs were added over the month in companies with at least 250 workers following September’s drop of around 29,000, according to Automatic Data Processing Inc. However, a revision showed 3,000 fewer jobs in September.

“Private employers added jobs in October for the first time since July, but hiring was modest relative to what we reported earlier this year,” said Nela Richardson, ADP’s chief economist.

ADP data showed that small business lost around 34,000 employees.

“Meanwhile, pay growth has been largely flat for more than a year, indicating that shifts in supply and demand are balanced,” Richardson said in a release.

Job categories in utility, transpiration and trade gained 47,000, which offset losses in other job areas. In addition, around 26,000 jobs were added in health and education services with 11,000 in finance.

A decline in some 17,000 roles in the area of information services was seen despite the ongoing boom in the artificial intelligence industry.

But the manufacturing sector continues to struggle in the growing aftermath of tax-like tariffs imposed by U.S. President Donald Trump in his bid to revive American manufacturing jobs.

Small business account for three of every four U.S. jobs, according to ADP.

ADP’s chief economist stated the shift away from growth in small business is noteworthy.

“While big companies make headlines, small companies drive hiring,” Richardson told CNBC.

“So to see that weakness at the small company level is still a concern, and I think that’s one of the reasons why the recovery has been so tepid.”

The payroll processing giant reported an average monthly growth of 60,000 jobs a month for the first half of the year, but that figure showed a decline in the year’s second half.

The historic ongoing shutdown by the Republican-controlled federal government resulted in a suspension in data released by the Bureau of Labor Statistics, which typically is at the forefront of detailed job data. In addition, a temporary stop in SNAP benefits is poised to heighten food insecurity in the United States.