ADP National Employment Report Preliminary Estimate for November 22, 2025

Rhea-AI Summary

ADP (ADP) released a preliminary NER Pulse estimate for the four weeks ending November 22, 2025, showing U.S. private employers added an average of 4,750 jobs per week.

The NER Pulse is a weekly, seasonally adjusted four-week moving-average estimate from ADP Research using high-frequency payroll data, published three times monthly with a two-week data lag. Releases occur Tuesdays at 8:15 a.m. ET except during full NER release weeks. The NER Pulse includes 12 weeks of historical data and is produced in collaboration with the Stanford Digital Economy Lab. ADP notes these numbers are preliminary and subject to revision as new data is added.

Key Figures

Average weekly job change 4,750 jobs per week Four weeks ending November 22, 2025 (NER Pulse)

Reference period length 4 weeks Ending November 22, 2025 for NER Pulse estimate

Publication frequency Three times a month NER Pulse preliminary employment estimates

Historical window 12 weeks Historical data provided with NER Pulse

Data lag 2 weeks Lag between employment data and NER Pulse publication

Release time 8:15 a.m. ET Weekly NER Pulse release time on Tuesdays

Market Reality Check

$258.69 Last Close

Volume Volume 2,348,958 is slightly above the 20-day average of 2,203,374 ahead of this employment update. normal

Technical Shares at 258.69 are trading below the 200-day MA of 295.28, indicating a weaker longer-term trend before this release.

Peers on Argus

ADP was down 1.12% while key software peers were mixed: ADBE -2.4%, INTU -2.21%, CDNS -0.21%, NOW -0.08%, and MSTR +0.87%. Moves were not uniformly directional across peers, suggesting stock-specific trading rather than a broad sector move tied to this macro employment indicator.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 03	Employment report	Negative	+1.2%	Report showed private employment down 32,000 jobs while pay growth remained firm.
Nov 25	NER Pulse preview	Negative	+2.5%	NER Pulse indicated average weekly job losses over four weeks in early November.
Nov 24	Product recognition	Positive	-1.2%	ADP Workforce Now named a Leader with top scores in 17 evaluation criteria.
Nov 20	Investor conference	Neutral	-0.5%	Announcement of participation and webcast access for a Nasdaq investor conference.
Nov 20	Platform launch	Positive	-0.5%	Launch of unified ADP WorkForce Suite across multiple HCM platforms worldwide.

Pattern Detected

Recent ADP National Employment Report and NER Pulse releases, whether showing job gains or losses, often coincided with share-price moves that did not clearly follow the macro tone of the data.

Recent Company History

Over the last several weeks, ADP news has centered on employment data and product positioning. On Dec 3, 2025, a report showing private employment shedding 32,000 jobs saw shares rise modestly. A Nov 25 NER Pulse preview with -13,500 weekly job losses also preceded a gain. Product and platform news, including a leadership ranking for ADP Workforce Now and the launch of ADP WorkForce Suite in 140+ countries, drew mixed price reactions. Today’s NER Pulse update fits into this pattern of frequent data-driven releases.

Market Pulse Summary

This announcement details a preliminary NER Pulse estimate showing U.S. private employers added an average of 4,750 jobs per week over the four weeks ending November 22, 2025. The data are seasonally adjusted, based on a four-week moving average, and published with a two-week lag. Investors may track how future monthly ADP National Employment Reports and subsequent NER Pulse revisions compare with this early signal.

Key Terms

seasonally adjusted financial

"Data is seasonally adjusted and made available with a two-week lag."

Seasonally adjusted means that figures have been modified to remove the effects of regular and predictable changes that happen at specific times of the year, such as holidays or weather patterns. This adjustment helps reveal the true underlying trend by making comparisons across different periods more accurate. For investors, it provides a clearer picture of whether economic activity is genuinely improving or declining, without the noise of seasonal fluctuations.

AI-generated analysis. Not financial advice.

ROSELAND, N.J., Dec. 9, 2025 /PRNewswire/ -- For the four weeks ending November 22, 2025, U.S. private employers added an average of 4,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). 

Three times a month, ADP Research publishes preliminary estimates of the week-over-week change in U.S. employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. Data is seasonally adjusted and made available with a two-week lag.

The NER Pulse publishes every Tuesday at 8:15am ET except during NER release weeks. The NER Pulse, including 12 weeks of historical data, is available shortly after 8:15 a.m. ET on release days at Main Street Macro. The press release is available on Tuesdays at 8:15 a.m. ET on the ADP Media Center.

The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab. The NER Pulse numbers are preliminary and could change as new data is added.

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 © 2025 ADP, Inc. All rights reserved.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-preliminary-estimate-for-november-22-2025-302635896.html

SOURCE ADP, Inc.

FAQ

What did ADP report for the week ending November 22, 2025 (ADP)?

ADP reported that U.S. private employers added an average of 4,750 jobs per week for the four weeks ending November 22, 2025.

When does the ADP NER Pulse publish updates and where can I find them?

The NER Pulse publishes Tuesdays at 8:15 a.m. ET (except NER release weeks) and is available on Main Street Macro and the ADP Media Center shortly after release.

How is the ADP NER Pulse estimate calculated for ADP?

The NER Pulse uses a seasonally adjusted four-week moving average based on ADP's high-frequency payroll data with a two-week lag.

Are ADP NER Pulse numbers final for ADP (ADP)?

No. ADP states the NER Pulse numbers are preliminary and could change as new data is added.

Who produces the ADP National Employment Report and NER Pulse?

The NER and NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.