FEATURED POST
January 13, 2025
The skills opportunity
Job reports move markets because they’re the strongest signal economists have about the strength of the U.S. economy. But worker productivity is just as important to economic growth; it’s just harder to measure or capture.
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:
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 23, 2023
Main Street Macro: That new-hire glow is fading
by Nela Richardson, Ph.D. • Liv Wang
Job-switching is looking a lot less lucrative these days. The pay premium new hires commanded during the pandemic has been falling steadily for more than a year. In this week’s MainStreet Macro, ADP chief economist Nela Richardson and ADPRI senior data scientist Liv Wang look at shrinking new hire pay.
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
October 2, 2023
Main Street Macro: Under lock and key
I vividly recall the first time I received my keys as a new homeowner. I was in a conference room with my new husband, our real estate agent, the seller, his new husband, and his real estate agent. I remember the seller passing the keys to me. In that moment, I became a homeowner. That was nearly 20 years ago. Today, mortgage rates are at a 20-year high, fewer homes are on the market, home prices continue to increase steadily, and moments like the one I had all those years ago are out of reach for more and more would-be homebuyers.
Read more
September 25, 2023
Main Street Macro: Chasing Growth
This week, in the absence of a video, I’d like to set a scene with words. Imagine you’re a hero, tracking a villain dead-set on mayhem. The fate of the economy hangs on your every move.
Fraught with more tension than The Dark Knight, central banks around the world have been doing just that, turning their laser sights on interest rates as they try to chase down high inflation. Every decision carries high stakes, with the threat of a slowing economy menacing at every turn. It’s a fact that many economies don’t just fall into recession; they’re driven there by central banks that hike rates too aggressively.
Read more
