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Main Street Macro

ADP chief economist Dr. Nela Richardson gives her take on what’s happening in the labor market and the broader economy. 

The NER Pulse

Author: Nela Richardson, Ph.D.

For the four weeks ending Dec. 6, 2025, private employers added an average of 11,500 jobs a week, slowing from an upwardly revised 17,500 the prior week. While job growth slowed, hiring remained in positive territory for a third week. These numbers are preliminary and could change as new data is added. 

Download this week’s NER Pulse data


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Three times a month, Main Street Macro releases the NER Pulse, an estimate of the week-over-week change in employment based on a four-week moving average. These releases are seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends. At the beginning of each month, we publish the National Employment Report, which is built on a reference week that includes the 12th day of the month. We do not publish the NER Pulse during NER release weeks. 

Note: The NER Pulse won’t publish Dec. 30 because the week ending Dec. 13 corresponds to the reference week of the monthly National Employment Report. Main Street Macro and the NER Pulse will resume publication Jan. 13, 2026.