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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

Instead of containing itself to segments of consumer spending affected by the pandemic and supply-chain bottlenecks, inflation is becoming broad-based and thus more persistent.

September 19, 2022

Private employment topped its pre-pandemic high for the first time.

September 6, 2022

Our national summer heat wave started to cool and we learned that inflation dipped.

August 15, 2022

Something happened last quarter that most economy watchers missed.

August 8, 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