ADP Research will now be releasing U.S. payroll data on a weekly basis, in addition to its monthly report, to provide high-frequency insights into the labor market.

The figures, which are a four-week moving average of the latest total private employment change, will be released on Tuesdays at 8:15 a.m. New York time. ADP estimates payrolls increased 14,250 on average in the four weeks ended Oct. 11, according to a statement Tuesday.

Up until recently, ADP provided a version of weekly payrolls to the Federal Reserve, which policymakers used to gain insight into the private-sector job market. But the payroll services firm stopped providing the data, which covers about 20% of the U.S. private labor force, after an Aug. 28 speech by Fed Governor Christopher Waller that referenced the statist

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