FEATURED POST

May 7, 2025

Small businesses: For women, they’re a different kind of workplace

We found a place where women are more likely to hold positions in upper management, are more likely to thrive, and are more likely to have the freedom to do their jobs as they see fit. Can you guess where? For the answer, check out our latest labor-market analysis.
Read more
Filter by:

December 4, 2023

Main Street Macro: Bumpy rides and soft landings

by Nela Richardson, Ph.D.

I spent last week at a lovely hotel in France with a beautiful view of the ocean. Naturally, because I’m an economist through and through, the ocean view had me thinking of inflation news on both sides of the Atlantic. Two of the world’s largest economies – the United States and the European Union – have suffered with big bouts of high inflation since the pandemic. Now, they’re adjusting to higher, for possibly longer, interest rates in three important ways.
Read more

November 20, 2023

Main Street Macro: Data to be thankful for

by Nela Richardson, Ph.D.

Last week marked my three-year anniversary as head of the ADP Research Institute. It’s been an https://www.bls.gov/cpi/eventful three years in the economy. Main Street has been on a bumpy ride these past years. As I reflect on that journey, there are three data points we can be thankful for this holiday season.
Read more

November 13, 2023

Main Street Macro: The New Geography of Remote Work

by Nela Richardson, Ph.D.

At the ADP Research Institute, I work with an incredible team that stretches from Hawaii to Poland, with several stops along the way. Teams like ours have become more prevalent during the pandemic. Well-deserved attention has been given to hybrid work arrangements, and the associated compromises on how many days to spend in the office. However, unlike fully remote arrangements, hybrid work requires employees to live within a commuting distance of a work location.
Read more

November 6, 2023

Main Street Macro: What a slowing job market means for women

by Nela Richardson, Ph.D.

Last week’s data on jobs showed us a solid but slowing labor market. Private employers added 113,000 jobs in October, according to the ADP National Employment Report, and the federal Bureau of Labor Statistics reported that U.S. non-farm payrolls grew by 150,000. And the super-sized wage gains that defined the labor market over the past 18 months also have slowed dramatically.
Read more

October 30, 2023

Main Street Macro: The economy’s comeback story

by Nela Richardson, Ph.D.

Everyone loves a good comeback story. Well, most everyone. When the economy provided us with a comeback story last week, just in time for this week’s meeting of the Federal Reserve, only the stock market took the news as bad.
Read more

October 9, 2023

Main Street Macro: Unraveling clues to the job market

by Nela Richardson, Ph.D.

Occasionally, I like to leave the comfort of my Main Street and take a tour of the economy to see how other neighborhoods are faring. One place that got my attention last week was the bond market. Last week, bond market investors were scrutinizing the job market for clues to determine whether the Federal Reserve will continue to raise interest rates this year.
Read more

October 2, 2023

Main Street Macro: Under lock and key

by Nela Richardson, Ph.D.

I vividly recall the first time I received my keys as a new homeowner. I was in a conference room with my new husband, our real estate agent, the seller, his new husband, and his real estate agent. I remember the seller passing the keys to me. In that moment, I became a homeowner. That was nearly 20 years ago. Today, mortgage rates are at a 20-year high, fewer homes are on the market, home prices continue to increase steadily, and moments like the one I had all those years ago are out of reach for more and more would-be homebuyers.
Read more

September 25, 2023

Main Street Macro: Chasing Growth

by Nela Richardson, Ph.D.

This week, in the absence of a video, I’d like to set a scene with words. Imagine you’re a hero, tracking a villain dead-set on mayhem. The fate of the economy hangs on your every move. Fraught with more tension than The Dark Knight, central banks around the world have been doing just that, turning their laser sights on interest rates as they try to chase down high inflation. Every decision carries high stakes, with the threat of a slowing economy menacing at every turn. It’s a fact that many economies don’t just fall into recession; they’re driven there by central banks that hike rates too aggressively.
Read more