After a dismal few months, the US labor market turned up for the four weeks ending Nov. 22, 2025, private employers added an average of 4,750 jobs a week., according to ADP's new weekly employment data

This week’s positive number hints at an upswing in the labor market after four straight weeks of negative pulse estimates, after four straight weeks of losing jobs.

This follows the almost unprecedented decline in initial jobless claims last week (which some have argued was impacted by Thanksgiving Week irregularities).

Is this the start of the end of the Low-Fire, Low-Hire economy? It's a little too early to tell, especially after the 120,000 collapse in small business jobs last month reported by ADP.