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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

I grew up on Main Street, in a smallish Indiana town. I have a direct and personal connection to what we talk about each week.

February 15, 2021

Punxsutawney Phil saw his shadow last week, signaling six more weeks of winter just as the Northeast was being blanketed with snow.

February 8, 2021

What lies ahead is the hard work of new business formation and job creation that leads to sustainable productivity gains.

February 1, 2021

Now that handshakes have all but vanished from the planet, businesses are gearing up for a new form of outreach from the Biden administration.

January 25, 2021

Last year was one for the record books. Main Street businesses suffered a challenging year, while Wall Street enjoyed a remarkable recovery.

January 11, 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