ADP Weekly Hiring Slows 29%: What It Means for Rate Cuts
As seen on the 24/7 Wall St. homepage on October 20, 2026.
With official data thin, ADP's weekly series is the cleanest read traders have on the labor market, and a 29% drop in the four-week average hands rate-cut bulls fresh ammunition.
U.S. PRIVATE-SECTOR HIRING LOSES MOMENTUM ADP reports private employers added an average of 18,500 jobs per week over the four weeks ending October 3, down from 26,000 the previous week. That's a 29% slowdown in the four-week moving average, signaling softer hiring momentum
- Replies21
- Reposts38
- Likes195
Continue ReadingShow less
Rate-cut expectations just got a fresh data point: ADP's four-week average of weekly private hiring fell 29% through October 3.
With official government data thin, this ADP series carries unusual weight for anyone positioning ahead of the Fed's next move.
The four-week framing smooths out week-to-week noise, which makes this cooling trend harder to dismiss.
Traders now have concrete evidence that the labor market is softening into the next round of releases.