FEATURED POST
October 14, 2025
The big stay is sticking
More than two years ago, I wrote that the Great Resignation had become the big stay, with fewer workers leaving their jobs. Since then, staying put has become a mainstay of the labor market. In August, employee quits were down 14 percent from their pre-pandemic levels and 32 percent from their peak during the Great Resignation. With the big stay sticking, let’s take a fresh look at private-sector turnover and pay.
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March 11, 2024
Main Street Macro: Missing the Mark: Trends in teacher salary
Teachers are a crucial part of the economy. I should know–my mom is a teacher. They’re part of the care economy, often described by economists as the workforce behind the workforce. In a new analysis, the ADP Research Institute’s Jeff Nezaj shows that even though the U.S. economy continues to add jobs at a rapid clip, the education sector is trailing behind. Here are three key findings.
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March 4, 2024
Main Street Macro: What non-economists get wrong
Economists sometimes get their forecasts wrong. First, we say inflation will be transitory. Then we say there will be a soft – no, wait! – a hard landing. A recession! Or maybe, definitely, a soft landing.
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February 26, 2024
Main Street Macro: The shrinking work week
Are you working fewer hours now than you did before the pandemic? If the answer is yes, you have a lot of company.
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February 20, 2024
Main Street Macro: Spring means homebuyers—and a big test of inflation
This year, the spring housing market will be watched closely by more than just would-be buyers. Investors, economists, and monetary policymakers also are eying listings in both the inventory-starved for-sale market and the rental market. Here are three reasons why.
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February 12, 2024
Main Street Macro: Normal? What’s that?
After last month’s blockbuster government jobs report, I’ve been looking for signs of a normal economy. But as economists and market watchers talk of a “new normal” and “normalization,” I’ve been wondering just what a normal economy is.
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February 5, 2024
Main Street Macro: What to do with good news?
Wall Street has a complicated relationship with good news, especially when interest rates are high, like they are now. Investors know that economic growth is good for their portfolios, but economic growth plus rock-bottom interests are even better.
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January 29, 2024
Main Street Macro: What color is your collar?
This week brings the first jobs report of the new year, and already people are asking about the outlook for 2024. Worries about inflation and recession have been supplanted by labor-market anxiety. Layoffs in technology and finance have triggered unease that white-collar jobs might be vulnerable to a hiring slowdown this year.
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January 22, 2024
Main Street Macro: The power of Davos: Networks
Davos, Switzerland, site of last week’s World Economic Forum gathering, is where movers and shakers meet. Leaders of companies, governments, and nonprofits around the world do here what they do best: Network.
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