ADP Weekly Hiring Falls 36% From Its Late-September Peak
As seen on the 24/7 Wall St. homepage on October 27, 2026.
Weekly private hiring has fallen roughly 36% from its late-September peak of 26,000, landing days before the Fed decision and giving rate-cut bulls fresh ammunition.
US PRIVATE-SECTOR HIRING SLOWS FOR SECOND STRAIGHT WEEK ADP reported average private-sector job gains of 16,750 per week for the four weeks ending October 10, down from 17,500 the previous week. Hiring has slowed from a recent peak of 26,000 weekly jobs in late September.
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ADP's four-week rolling average for private-sector job gains slipped to 16,750 per week for the period ending October 10, the second consecutive weekly deceleration.
Weekly private-sector hiring hit 26,000 in late September, so the current pace is roughly 36% below that peak in under a month.
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This data lands just ahead of a Federal Reserve decision, giving those expecting a rate cut concrete evidence that the labor market is cooling on its own.
Investors should watch whether the cooling persists: a third consecutive weekly decline would reinforce the trend and shift expectations heading into the next policy meeting.