ADP National Employment Report Preliminary Estimate December 27, 2025
Rhea-AI Summary
ADP (NYSE:ADP) released the NER Pulse preliminary estimate for the four weeks ending December 27, 2025, showing U.S. private employers added an average of 8,000 jobs per week. The data indicate a modest slowdown in hiring in the final week of 2025 and are preliminary, subject to revision as new data arrive. A 12-week historical series accompanies the pulse, which is a four-week moving average, seasonally adjusted, and published weekly on Tuesdays at 8:15 a.m. ET. The next NER Pulse release is scheduled for January 27, 2026. The NER Pulse is produced by ADP Research with the Stanford Digital Economy Lab.
Positive
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Negative
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News Market Reaction – ADP
In the Jan 20 session, ADP declined 2.05%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 15 | Earnings call notice | Neutral | +0.7% | Announcement of upcoming fourth quarter earnings call and webcast details. |
| Jan 14 | Buyback authorization | Positive | +0.7% | Board authorization to repurchase $6 billion of common stock, replacing prior plan. |
| Jan 14 | Dividend declaration | Positive | +0.7% | Declaration of a regular quarterly dividend of $1.70 per share with set record date. |
| Jan 13 | NER Pulse update | Positive | -2.2% | Preliminary NER Pulse showing weekly job gains edging up versus prior week. |
| Jan 07 | Employment report | Positive | +0.1% | Report of 41,000 private jobs added in December and rising annual pay metrics. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Macro employment releases and ADP research updates have generally seen modest price alignment, with one notable negative reaction to a prior NER Pulse update.
Over the past few weeks, ADP news has focused on capital returns and labor market data. On Jan 14, 2026, the board authorized a $6 billion share repurchase and declared a quarterly dividend of $1.70 per share, with shares rising about 0.66%. Multiple NER and NER Pulse releases, including job gains of 41,000 in December and an earlier four‑week average of 11,750 jobs, saw mostly mild price reactions, except the Jan 13 NER Pulse, which coincided with a -2.18% move.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The last week of 2025 showed a modest slowdown in hiring. These numbers are preliminary and could change as new data is added.
Week ending | Change (Four-week moving |
12/27/2025 | 8,000 |
12/20/2025 | 11,250 |
12/13/2025 | 10,250 |
12/6/2025 | 8,750 |
11/29/2025 | 13,250 |
11/22/2025 | 3,750 |
11/15/2025 | -8,500 |
11/8/2025 | -11,750 |
11/1/2025 | -7,500 |
10/25/2025 | -4,750 |
10/18/2025 | 11,500 |
10/11/2025 | 10,250 |
The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. The data are seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.
The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month. The press release is available Tuesdays at 8:15 a.m. ET in the ADP Media Center. The NER Pulse is also available shortly after 8:15 a.m. ET on release days at ADP Research and in Main Street Macro.
The next NER Pulse will be released January 27, 2026. For upcoming release dates please refer to the calendar on the NER website.
The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.
To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.
About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.
ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.
Copyright © 2026 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc.