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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

Artificial intelligence is both old and new.  Old in that its founding principles and techniques have been around since the 1950s. New because the technology has continuously reinvented itself ever since.

August 26, 2025

Yes, AI is affecting employment

Pay has grown at a relatively steady pace for both job-stayers and job-changers for the past several months.

August 12, 2025

New hires, old pay

The U.S. economy delivered in the first six months of 2025. But now Main Street is bracing for a slowdown. 

June 24, 2025

From good to gloom

Small employers shed 13,000 jobs in May. One month doesn’t make a trend, but it reminds us of the big role small businesses play in our economy.

June 10, 2025

The big deal about small employers
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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