The other T word
Economic news has been dominated by two T words this year: Technology and tariffs. But there’s another T word that promises to have a far greater impact on the job market and inflation: Turnover.
February 25, 2025
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Education and health services led the slowdown.
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Worker-consumer synchronicity
The consumer resilience that has powered the U.S. economy over the last four years is sputtering.
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January job reports are different. Here’s why.
Every job report is important to economists, but the January releases stand apart.
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The skills opportunity
Job data is important. Worker productivity is equally so, it's just more difficult to measure.
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Word of the year: Stability
Any word of the year aims to capture society’s zeitgeist. .I’ve come up with my own for 2024.
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A labor market riddle
Combine robust hiring, rising unemployment, and accelerated wage growth, and what do you get?
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The inflation Grinch
About 20 percent of annual retail sales are wrapped up in the weeks between Thanksgiving and New Year's Day.
November 25, 2024
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.