FEATURED POST
January 27, 2025
The age of work
The United States is getting older, and its workforce is aging, too. This week, ADP chief economist Nela Richardson teams up with Kai Ryssdal of Marketplace to explore what this massive demographic shift might mean for the economy and the workplace.
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August 19, 2024
Main Street Macro: Casting for bigger fish in Jackson Hole
As they gather in scenic Jackson Hole this week, Fed policymakers will be casting for big fish. The question on the agenda won’t be to cut or not to cut. It will be whether interest rate policy is an effective economic tool. ADP chief economist Nela Richardson explains why this year’s agenda is so important in this week’s Main Street Macro.
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July 15, 2024
Main Street Macro: The self-love theory of economics
As we enter the third week of July, upcoming data releases are all about economic incentives. While insights about supply, demand, and equilibrium often make the headlines, a crucial but rarely discussed pillar of economics is the importance of incentives to macroeconomic outcomes.
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July 8, 2024
Main Street Macro: Wages and hiring: It’s not as simple as you think
Last week’s run of jobs data made two things clear. The U.S. job market is cooling, and hiring is highly concentrated in just a few service sectors. Both these trends could have implications for wages, which could, in turn, have implications for the Federal Reserve.
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May 8, 2023
MainStreet Macro: The Big Quit is over. Here comes the Big Stay
Last year, workers resigned from more than 50 million jobs. It was the highest number of quits since the government started keeping track in 2000. The great resignation, as it came to be known, was fueled by abundant job opportunities, labor shortages, and big pay increases for workers who quit one job to take another.
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