People are working less. Who and why? The ADP Research Institute’s Data Lab has the answer behind this new trend.

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February 26, 2024

MainStreet 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 5, 2024

MainStreet Macro: What to do with good news?

by Nela Richardson, Ph.D.

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

MainStreet Macro: What color is your collar?

by Nela Richardson, Ph.D.

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

MainStreet Macro: The power of Davos: Networks

by Nela Richardson, Ph.D.

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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January 15, 2024

MainStreet Macro: Reality check

by Nela Richardson, Ph.D.

You’ve probably heard that the shortest distance between two points is a straight line. In reality, when it comes to the future path of the economy, the line is rarely straight. We saw this last week, when a key measure of consumer inflation rose after three months of decline. This kind of volatility isn’t unusual, especially during times of geopolitical uncertainty.
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January 8, 2024

MainStreet Macro: The trust factor

by Nela Richardson, Ph.D.

The annual World Economic Forum gathering in the mountainside retreat of Davos, Switzerland, is commonly described with a single word: Elite. But this year, Davos is attempting to draw attention to a new descriptor: Trust. The theme of this month’s Davos meeting, which begins Jan. 15, is rebuilding trust. The gathering will take place as the world confronts new and significant challenges and opportunities.
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December 18, 2023

MainStreet Macro: North pole wage report

by Nela Richardson, Ph.D.

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?
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December 11, 2023

MainStreet Macro: A soft landing for payrolls

by Nela Richardson, Ph.D.

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.
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December 4, 2023

MainStreet Macro: Bumpy rides and soft landings

by Nela Richardson, Ph.D.

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.
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