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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

Consumer spending has led the pandemic recovery, but consumer confidence took a hit recently.

October 25, 2021

Scarcity requires people and businesses to make constant tradeoffs to get what they want.

October 18, 2021

Every now and again something distracts me from Main Street. Today, my attention is directed toward Pennsylvania Avenue in Washington, D.C.

October 11, 2021

Things that look free often have hidden cost.

September 20, 2021

It might sounds mysterious, even a bit ominous, but creative destruction has deep roots in economic research.

September 7, 2021

Last week’s gathering focused on a subject that has been laid bare by the pandemic – macroeconomic policy in an uneven economy.

August 30, 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