{"id":102715,"date":"2025-10-28T18:06:08","date_gmt":"2025-10-28T18:06:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/102715\/"},"modified":"2025-10-28T18:06:08","modified_gmt":"2025-10-28T18:06:08","slug":"adp-to-deliver-weekly-updates-on-employment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/102715\/","title":{"rendered":"ADP to deliver weekly updates on employment"},"content":{"rendered":"<p data-v-4026719d=\"\">ADP is now going to releases estimates of employment numbers weekly and their first reading is 14,250 jobs. That&#8217;s for the four weeks ending October 11.<\/p>\n<p data-v-4026719d=\"\">Here is the <a href=\"https:\/\/mediacenter.adp.com\/2025-10-28-ADP-Announces-National-Employment-Report-Preliminary-Estimate-Publicly-Available-on-a-Weekly-Cadence\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" class=\"article-link\" data-v-4026719d=\"\">official release<\/a>.<\/p>\n<p data-v-4026719d=\"\">It will be released each Tuesday:<\/p>\n<p data-v-4026719d=\"\">&#8220;The preliminary U.S. estimate will provide a four-week moving average of the latest total private employment change, offering the most current, representative picture of the private-sector labor market.&#8221;<\/p>\n<p data-v-4026719d=\"\">Reading the release, it&#8217;s not clear if this is an average of 14,250 jobs per week over the past four weeks or 14,250 jobs total over four weeks? Either way, it&#8217;s not a great number. I think it&#8217;s the 14,250 total reading because it says it&#8217;s a preliminary estimate of the month report but it can be read both ways.<\/p>\n<p data-v-4026719d=\"\">The reports on the jobs market are undoubtedly poor. Over the past two weeks, here are some announcements:<\/p>\n<p data-start=\"36\" data-end=\"77\" data-v-4026719d=\"\">General Motors \u2013 200 salaried staff<\/p>\n<p data-start=\"80\" data-end=\"115\" data-v-4026719d=\"\">Target \u2013 1,800 corporate jobs<\/p>\n<p data-start=\"118\" data-end=\"178\" data-v-4026719d=\"\">Applied Materials \u2013 ~1,444 employees (4% of workforce)<\/p>\n<p data-start=\"181\" data-end=\"252\" data-v-4026719d=\"\">Charter Communications \u2013 ~1,200 employees (about 1% of workforce)<\/p>\n<p data-start=\"255\" data-end=\"312\" data-v-4026719d=\"\">Amazon \u2013 Up to 15% of HR staff plus other divisions including <a href=\"https:\/\/investinglive.com\/news\/amazon-may-cut-30000-corporate-jobs-starting-tuesday-20251027\/\" target=\"_blank\" class=\"article-link\" data-v-4026719d=\"\" rel=\"nofollow noopener\">up to 30,000 jobs <\/a>starting today<\/p>\n<p data-start=\"315\" data-end=\"353\" data-v-4026719d=\"\">Molson Coors \u2013 400 salaried jobs<\/p>\n<p data-start=\"356\" data-end=\"405\" data-is-last-node=\"\" data-v-4026719d=\"\">Nestl\u00e9 \u2013 16,000 jobs worldwide over two years<\/p>\n<p data-v-4026719d=\"\">I can&#8217;t take anyone seriously who doesn&#8217;t see massive job losses due to AI and no one has a plan or a decent theory on what will happen afterwards. For now, the only thing that&#8217;s clear is that the Fed is going to keep cutting.<\/p>\n","protected":false},"excerpt":{"rendered":"ADP is now going to releases estimates of employment numbers weekly and their first reading is 14,250 jobs.&hellip;\n","protected":false},"author":2,"featured_media":102716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-102715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/102715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=102715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/102715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/102716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=102715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=102715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=102715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}