ADP Research Institute (ADPRI) and the Stanford Digital Economy Lab (the “Lab”) announced they will retool the ADP National Employment Report (NER) methodology to provide a more robust, high-frequency view of the labor market and trajectory of economic growth. In preparation for the changeover to the new report and methodology, ADPRI will pause issuing the current report and has targeted August 31, 2022, to reintroduce the ADP National Employment Report in collaboration with the Stanford Digital Economy Lab (the “Lab”). We look forward to providing an even more comprehensive labor market analysis and will be in touch with additional details closer to the re-launch, later this summer.  For more information on this announcement, please visit here.


August 15, 2022

Inflation-Tag team

Main Street received good news last week. Not only did we see a slight cool-down to our national summer heat wave, we learned that inflation dipped, to 8.5 percent over the last 12 months ending in July from 9.1 percent for the same period in June.
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July 25, 2022

Hot Summer Housing Market

With most of the country withering in the summer heat, one sector of the economy appears to be cooling. After home prices took off in the early days of the pandemic, the white-hot housing market now appears to be cooling as sales slow.
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July 18, 2022

MainStreet Macro: Wages Go Prime Time: Part 2

My kids are into memes and have been since, well, the beginning of meme history. Given that my husband and I both are economists, it was only natural that a recent family dinner conversation centered around which meme would best represent inflation.
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July 11, 2022

MainStreet Macro: Wages go prime time: Part 1

Wages are the bridge between job growth and rising inflation, and their trajectory will determine whether the Federal Reserve can put the brakes on rising prices without skidding the economy into recession. To that end, the central bank is eying one particular data point with new intensity.
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June 27, 2022

MainStreet Macro: A Penny Saved

Savings accounts were the unsung heroes of the pandemic recovery. The personal saving rate – the share of a person’s disposable income left after taxes and spending on necessities and everything else – soared to a record of almost 34 percent in April 2020. That means people saved 34 cents for every dollar earned in the early days of the pandemic.
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