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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

It’s a new year on the calendar and the one-year anniversary of Main Street Macro.

January 4, 2022

While 2022 will carry forward some themes from 2021, new economic trends will redirect the path ahead.

December 20, 2021

The word “transitory” has been eliminated from the English language. Just kidding, obviously. But it has been removed from the Federal Reserve description of inflation.

December 13, 2021

Shopping becomes the national pastime at this time of year. Spending between Thanksgiving and Christmas accounts for nearly a third of the year’s retail sales.

December 6, 2021

There’s one job where shortages have been particularly challenging for Main Street families – school bus drivers.

November 29, 2021

ADP Research kicked off 2021 with data showing a global workforce in flux. Since then, we’ve seen tremendous upheaval in the labor market.

November 15, 2021

While you were worrying about labor, supply chains, and inflation, you might have missed the news that U.S. economic growth slowed to just 2 percent.

November 8, 2021

Our third-quarterly Workforce Vitality Report provides an in-depth analysis of wage trends.

November 1, 2021

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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