Flipping the housing-labor dynamic
The labor market historically has been a driving force in the housing market, producing a cohort of well-paid workers able to save for a downpayment. Things have changed.
November 19, 2024


Education and health services led the slowdown.
October 27, 2026The labor market historically has been a driving force in the housing market, producing a cohort of well-paid workers able to save for a downpayment. Things have changed.
November 19, 2024
No economy is an island, and recent U.S. growth owes a debt of thanks to our global partners.
November 11, 2024
Is the economy strengthening, or weakening?
November 4, 2024
After back-to-back hurricanes, here’s what to watch.
October 14, 2024
There were a few signals going into Friday’s blockbuster jobs report that many market watchers and economists missed.
October 7, 2024
This economic landing doesn’t feel soft. It feels downright cushy.
September 30, 2024
The Fed's rate cut won’t likely be felt immediately by employers or households.
September 23, 2024
It could reach the Fed’s 2 percent target, or it might stabilize at a higher level.
September 16, 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.