FEATURED POST
March 11, 2025
The other T word: Part II
In my last Main Street Macro exploring the state of labor market turnover, I argued that a healthy job market requires a healthy level of churn. Employers need to have the ability to attract talented and skilled people with strong pay and better career prospects, and they need to be able to replace departing employees. But how much turnover is too much? How much is enough?
Read more
Subscribe to Data Lab
Stay up-to-date on the latest reports and trends.
Stay up to date with Data Lab
Please complete all fields.
Filter by:
December 18, 2023
Main Street Macro: North pole wage report
Did you ever wonder how much Santa Claus makes? Turns out it’s a little more than $35 an hour.
And how do I know this?
Read more
December 11, 2023
Main Street Macro: A soft landing for payrolls
Last week delivered the final job reports of the year from ADP and the federal Bureau of Labor Statistics. Today, we’ll dive into that data and discuss what it means for next year.
Read more
December 4, 2023
Main Street Macro: Bumpy rides and soft landings
I spent last week at a lovely hotel in France with a beautiful view of the ocean. Naturally, because I’m an economist through and through, the ocean view had me thinking of inflation news on both sides of the Atlantic. Two of the world’s largest economies – the United States and the European Union – have suffered with big bouts of high inflation since the pandemic. Now, they’re adjusting to higher, for possibly longer, interest rates in three important ways.
Read more
November 20, 2023
Main Street Macro: Data to be thankful for
Last week marked my three-year anniversary as head of the ADP Research Institute. It’s been an https://www.bls.gov/cpi/eventful three years in the economy.
Main Street has been on a bumpy ride these past years. As I reflect on that journey, there are three data points we can be thankful for this holiday season.
Read more
November 13, 2023
Main Street Macro: The New Geography of Remote Work
At the ADP Research Institute, I work with an incredible team that stretches from Hawaii to Poland, with several stops along the way. Teams like ours have become more prevalent during the pandemic. Well-deserved attention has been given to hybrid work arrangements, and the associated compromises on how many days to spend in the office. However, unlike fully remote arrangements, hybrid work requires employees to live within a commuting distance of a work location.
Read more
November 6, 2023
Main Street Macro: What a slowing job market means for women
Last week’s data on jobs showed us a solid but slowing labor market. Private employers added 113,000 jobs in October, according to the ADP National Employment Report, and the federal Bureau of Labor Statistics reported that U.S. non-farm payrolls grew by 150,000. And the super-sized wage gains that defined the labor market over the past 18 months also have slowed dramatically.
Read more
October 30, 2023
Main Street Macro: The economy’s comeback story
Everyone loves a good comeback story. Well, most everyone.
When the economy provided us with a comeback story last week, just in time for this week’s meeting of the Federal Reserve, only the stock market took the news as bad.
Read more
October 9, 2023
Main Street Macro: Unraveling clues to the job market
Occasionally, I like to leave the comfort of my Main Street and take a tour of the economy to see how other neighborhoods are faring.
One place that got my attention last week was the bond market. Last week, bond market investors were scrutinizing the job market for clues to determine whether the Federal Reserve will continue to raise interest rates this year.
Read more
