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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

People who were active on an employer’s payroll, went inactive, then returned, account for 31 percent of new hires, ADP data shows.

May 20, 2025

Boomerang hiring makes a comeback

All eyes are on Federal Reserve policymakers and their decision on interest rates. But there’s another data point that could have an even greater impact on the economy.

May 6, 2025

The power and puzzle of productivity

It took no time at all for financial markets to react to the Trump administration’s tariff plan.

April 10, 2025

Wait and watch

Stock markets are choppy, and a fog has descended on the economic outlook.

March 25, 2025

Anchors aweigh

How much turnover is too much? Let's look at turnover by month, industry, and employer size.

March 11, 2025

The other T word, part 2
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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