ADP National Employment Report Preliminary Estimate November 29, 2025

BY PR Newswire | ECONOMIC | 08:15 AM EST

ROSELAND, N.J., Dec. 16, 2025 /PRNewswire/ --?For the four weeks ending November 29, 2025, U.S. private employers added an average of 16,250 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report?(NER).?

This continued strengthening during the second half of November signals a potential rebound in hiring after four weeks of job losses. These numbers are preliminary and could change as new data is added.

Week ending ? ??

Change?
(Four-week moving?
average, seasonally?
adjusted)

11/29/25

16,250

11/22/25

2,750

11/15/25

-9,250

11/8/25

-12,000

11/1/25

-7,250

10/25/25

-4,750

10/18/25

11,500

10/11/25

10,250

10/4/25

4,250

9/27/25

11,750

9/20/25

-7,750

9/13/25

-9,500

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 NER Pulse will not publish December 30, 2025 because the week ending December 13, 2025 corresponds to the reference week of the monthly National Employment Report.

The next NER Pulse will be released January 12, 2026.

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 ? 2025 ADP, Inc. All rights reserved.

(PRNewsfoto/ADP, LLC)

ADP Research (PRNewsfoto/ADP, Inc.)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-preliminary-estimate-november-29-2025-302642779.html

SOURCE ADP, Inc.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article