For the four weeks ending Oct. 11, 2025, the NER pulse shows that private employers added an average of 14,250 jobs per week.

• This growth in employment suggests that the U.S. economy is emerging from its recent trough of job losses. Hiring has begun to increase from September levels, albeit slowly and without the positive momentum we saw earlier in the year. This tepid recovery could support economic growth, however, because our run of week-over-week job losses seems to have been relatively short-lived.