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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

With most of the country withering in the summer heat, one sector of the economy appears to be cooling.

July 25, 2022

Given that my husband and I both are economists, it was only natural that a recent family dinner conversation centered around which meme would best represent inflation.

July 18, 2022

Wages, the bridge between job growth and inflation, will determine whether the Federal Reserve can put the brakes on prices without skidding the economy into recession.

July 11, 2022

Savings accounts were the unsung heroes of the pandemic recovery.

June 27, 2022

The Federal Reserve raised short-term interest rates by three-quarters of a percentage point, the biggest rate hike since 1994.

June 21, 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