For the four weeks ending July 4, 2026, US private employers added an average of 16,500 jobs a week. Hiring slowed for the fourth straight week.

The numbers are preliminary and could change as new data is added.

What is it?

Three times a month, Main Street Macro releases the NER Pulse, an estimate of the week-over-week change in employment based on a four-week moving average. These releases are seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends. At the beginning of each month, we publish the National Employment Report, which is built on a reference week that includes the 12th day of the month. We do not publish the NER Pulse during NER release weeks.

This article was written by Greg Michalowski at investinglive.com.