Jared Northup, Author at ADP Research

What happened to labor market dynamism?

In economics, markets are defined by their price and quantity. Over the last two weeks, I’ve been talking about the labor market, specifically its quantity of jobs and the price of those jobs as defined by pay. Looking at these elements together, two things become clear

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The Employee Motivation and Commitment Index fell slightly in March, dropping two points to 127.

EMC Index

March 18, 2025

Employee sentiment dips in March

by Mary Hayes, Ph.D. • Jared Northup

The EMC Index, which tracks how people think and feel about their jobs, fell slightly in March. Only three of the 10 sectors we track showed strength.

The EMC Index, which tracks how people think and feel about their jobs, climbed five points in February, matching the record high set in July 2024.

February 18, 2025

Employee sentiment rebounded in February

by Mary Hayes, Ph.D. • Jared Northup

Employee sentiment rebounded in February, gaining 5 points to match a record high set in July 2024. Two sectors—retail and wholesale trade, and information—hit new record highs.

The EMC Index, which tracks how people think and feel about their jobs, lost five points in January, but remains near historic highs set in the second half of 2024.

Worker sentiment EMC Index

January 21, 2025

Employee sentiment fell in January

by Mary Hayes, Ph.D. • Jared Northup

Employee sentiment fell by five points in January. Worker sentiment in the information sector hit a record high.

The EMC Index, which tracks how people think and feel about their jobs, rose in December. A previous post said it had fallen.

Worker sentiment EMC Index

December 17, 2024

Employee sentiment rose in December

by Mary Hayes, Ph.D. • Jared Northup

Correction: The Employee Motivation and Commitment Index rose in December. Finance, transportation and warehousing, professional services, and real estate also improved.