Main Street Macro: The next Fed rate cut might disappoint

 

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July 22, 2024

MainStreet Macro: The next Fed rate cut might disappoint. Here’s why.

The recent slowdown in inflation has left market watchers more confident that Federal Reserve policymakers will cut interest rates at least once this year. What’s harder to predict is how those rate cuts might affect the economy.
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July 19, 2024

Finding a job has gotten harder, especially for jobs that require a bachelor’s degree

by Ben Hanowell

It’s getting more difficult for workers with college degrees to land a job that aligns with their education.
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July 7, 2024

Managerial promotion rates cool to their pre-pandemic level

by Ben Hanowell

We measure promotion trends using ADP data representing more than 50 million people working at more than 96,000 U.S. employers.
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Radar plot comparing four metros on wages, affordability, and hiring rate
Radar plot comparing four metros on wages, affordability, and hiring rate

June 24, 2024

You’ve graduated. Now what?

by Sam AdiezeBen Hanowell

When it comes to the combination of recent graduate wages, hiring, and affordability, we found big differences between metro areas. The highest-ranking metros might surprise you.
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A line chart showing an ominous downward trend... what could it mean for software developers? Meant to be a featured image for a post.
A line chart showing an ominous downward trend... what could it mean for software developers? Meant to be a featured image for a post.

June 17, 2024

The rise—and fall—of the software developer

by Jeff Nezaj

Since the rise of the internet, software developers have commanded big salaries and valuable perks. But something has shifted since the pandemic.
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Chart showing that workers in Latin America are more likely to think that AI will help them in the workplace than in other regions.
Chart showing that workers in Latin America are more likely to think that AI will help them in the workplace than in other regions.

June 10, 2024

Most workers think AI will affect their jobs. They disagree on how.

by Ben HanowellNela Richardson, Ph.D.

The ADP Research Institute survey asked nearly 35,000 private-sector workers in 18 countries what role they think AI will play in their work over the next few years.
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June 10, 2024

Linking generative AI exposure to worker sentiment: It’s complicated

by Ben Hanowell

We use a global survey to examine whether remote workers in industries highly-exposed to generative AI are nervous about it.
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May 22, 2024

Long-distance work and compensation

by Issi Romem, Ph.D.

Long-distance work didn’t begin with the coronavirus lockdown; people were collaborating between offices well before then.
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