FEATURED POST
October 7, 2024
Hiring in an age of uncertainty
There were a few data signals going into Friday’s blockbuster jobs report that many market watchers and economists missed.
Layoffs, as measured by a rolling four-week average of initial jobless claims, hit their lowest level in more than a year and a half. August showed an uptick in job openings, a hint that companies were about to ramp up hiring. And September’s ADP National Employment Report suggested that a rebound in private-sector hiring was under way.
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June 26, 2023
MainStreet Macro: Add this must-have summer data to your economic toolbox
Summer is here, and with it, the return of peak homebuying season, a time when families rush to find their dream house before school starts in the fall. Even if you’re not a homeowner and have no interest in buying, this pickup in activity can have consequences for you. Homebuying season comes with an abundance of important data on the housing market, which in turn can tell us a lot about consumers and the economy.
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June 12, 2023
MainStreet Macro: To pause or not to pause? Maybe that’s not the question
The Federal Reserve has raised interest rates 10 consecutive times, taking the benchmark federal funds rate from near zero up to more than 5 percent.
This week, Fed policymakers meet again to decide whether to move rates again – or not. Economists are divided as to whether the central bank should pause their rate hikes this month or keep them coming.
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June 5, 2023
MainStreet Macro: Gen Z joins the workforce
It’s graduation season. Some young adults will head to college, and some college graduates will continue with their studies. But most members of this year’s graduating class will become new entrants into a dynamic and evolving post-pandemic labor market.
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May 22, 2023
MainStreet Macro: Answering questions, and raising new ones, about the complex world of work
This week, ADP Research Institute launches Data Lab, a centralized and in-depth repository of research and information on the economy and labor market.
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May 15, 2023
MainStreet Macro: The next inflation risk
Lately, I’m reminded of inflation during my morning exercise class. While the first 50 (OK, 35) sit-ups are fast and easy, after that my pace starts to slow. By 60 reps, I’ve gone from fast and easy to slow and irregular.
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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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May 1, 2023
MainStreet Macro: Keeping an eye on the ball
I’m not a great golfer. But in an effort to improve my game, I took a lesson and was struck (no pun intended) by how golf can be applied to the economy. One thing I learned is to mark the ball. Some golfers look at the putter, others at the hole. But looking at the mark as you swing helps with alignment and focus.
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April 24, 2023
MainStreet Macro: People at Work: A three-year lookback
For the past three years, the ADP Research Institute has been talking to workers across the globe to learn about their on-the-job experiences before, during and after the pandemic. Last week we released our latest report in this series, our People at Work Survey.
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