The 4-week average of the US ADP Employment Change edged lower to 6.5K on January 24, down from 7.75K previously. This marked the third consecutive weekly decline and the lowest level since the November 8 release, pointing to a gradual cooling in private-sector job creation momentum.
The steady deceleration in the four-week average suggests that hiring conditions may be softening at the margin, even as the US labor market remains resilient overall. Market participants continue to monitor these high-frequency labor indicators for early signals ahead of broader employment reports.
Market reaction
The US Dollar shows little reaction to the data. The US Dollar Index (DXY) remains little changed on Tuesday, hovering around 96.85, as traders await further catalysts for directional moves.
Economic Indicator
ADP Employment Change 4-week average
The preliminary ADP weekly estimate, released by Automatic Data Processing Inc, provides a four-week moving average of the latest total private-employment change in the US. Generally, a rise in the indicator has positive implications for consumer spending and stimulates economic growth. Therefore, a high reading is traditionally seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.
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Last release:
Tue Feb 10, 2026 13:15
Frequency:
Weekly
Actual:
6.5K
Consensus:
–
Previous:
7.75K
Source:
ADP Research Institute