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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

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

Flipping the housing-labor dynamic

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

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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