ADP Employment Report set to show modest rebound in October amid Fed policy uncertainty

11/05/2025 08:30:00 GMT | By
FXStreet Team

• The ADP Employment Change report is expected to show a modest improvement in private sector payrolls in October.
• The ADP report will gain relevance in the absence of other labor market data releases.
• The US Dollar is trading firm following the Fed’s hawkish pivot last week.

The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for October on Wednesday. The so-called ADP Employment Change report is expected to show that the United States (US) economy created 24,000 new positions, following a 32,000 net decline in September.

These figures will attract particular interest this month, as the US Government shutdown extends for the fifth week already, and is highly likely to deprive the market and the Federal Reserve (Fed) of the closely watched JOLTS Job Openings and the key Nonfarm Payrolls (NFP) report this week.

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Preliminary estimates released by ADP last week revealed that net employment showed an average growth of 14,250 jobs in the four weeks ending on October 11, and the market consensus anticipates 24,000 new jobs in October. These figures would partially offset the 32,000 decline witnessed in September, yet they stand at levels well below the 150,000 average new jobs created per month over the last 15 years.

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