FEATURED POST

April 14, 2026

What small employers are telling us about the labor market 

Sometimes a single number can capture a major trend. Last month, we saw just such a number in the ADP payroll data. In March, organizations with fewer than 50 employees reported the lowest turnover they’ve had in the nine years we’ve tracked the data.
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September 9, 2025

Behind the big picture 

by Nela Richardson, Ph.D.

Last week’s economic data delivered new evidence that employment has slowed in 2025. But there’s more to the job market than the pace of hiring. Pay growth, hours worked, and productivity are combining to make the jobs picture more complex than the sum of its parts. Here is a look at how these three components operate in the background of the labor market and how they can shift the economic landscape.
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