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Main Street Macro

ADP chief economist Dr. Nela Richardson gives her take on what’s happening in the labor market and the broader economy. 

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A large blue upward-pointing arrow on the left and a large red downward-pointing arrow on the right are formed by hundreds of small human figures standing together.

Education and health services led the slowdown.

October 27, 2026

We all know by now that the labor market is tight. But it’s also fragmented, with different sectors responding differently to labor shortages and higher interest rates.

March 6, 2023

Whether hours are put in at the office, on site, or at home, they're all important to both workers and their employers.

February 27, 2023

This mild winter reminds me of the U.S. economy, which is warmer than many economists and analysts expected it would be at this point.

February 21, 2023

With inflation, Silicon Valley layoffs and the federal debt ceiling dominating headlines, the real economy can get lost.

February 13, 2023

The start of the year often brings confusing economic data, and this January was no exception.

February 6, 2023

The biggest economic debate of 2023 is whether the U.S. is heading toward a recession. And the reason it’s being debated is because the data shows evidence for both sides.

January 30, 2023

One of the most frequent questions I get is, “Are we heading toward a recession?”

December 12, 2022

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Nela Richardson, Ph.D.

Chief Economist, ESG Officer, and head of ADP Research

Dr. Nela Richardson is chief economist and ESG officer for ADP Inc. She also leads the independent team at ADP Research, which provides reliable and timely data-driven discovery for use by the public, business leaders, and policymakers. 

About Nela