Employee sentiment rose in May: Get the latest from the ADP Research Institute’s Data Lab.

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May 22, 2024

Long-distance work and compensation

Long-distance work didn’t begin with the coronavirus lockdown; people were collaborating between offices well before then.
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September 25, 2023

MainStreet Macro: Chasing Growth

by Nela Richardson, Ph.D.

This week, in the absence of a video, I’d like to set a scene with words. Imagine you’re a hero, tracking a villain dead-set on mayhem. The fate of the economy hangs on your every move. Fraught with more tension than The Dark Knight, central banks around the world have been doing just that, turning their laser sights on interest rates as they try to chase down high inflation. Every decision carries high stakes, with the threat of a slowing economy menacing at every turn. It’s a fact that many economies don’t just fall into recession; they’re driven there by central banks that hike rates too aggressively.
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September 11, 2023

MainStreet Macro: The hidden truth about promotions

by Nela Richardson, Ph.D.

I really enjoy research that tells me something new, something I wasn’t expecting. And that’s exactly what my team delivered last week in Today at Work, our quarterly research publication.
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August 28, 2023

MainStreet Macro: Why we care about the care economy

by Nela Richardson, Ph.D.Jeff Nezaj

Last week, I previewed the Federal Reserve’s meeting at Jackson Hole, an annual convocation of central bankers, academics, and business leaders. This year’s theme was structural shifts in the global economy, so when I was asked to give remarks, I wanted to reflect on a labor market component that's not often discussed – the care economy.
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August 21, 2023

MainStreet Macro: Some pain, more gain. Powell’s warning, a year later

by Nela Richardson, Ph.D.

The Federal Reserve holds its annual conference in Jackson Hole, Wyoming, this week. The high-profile symposium draws some 120 central bankers, financial executives, politicians, and academics, who meet to discuss important long-term economic policy issues. The highlight of the event is a Friday morning speech given by Federal Reserve Chair Jerome Powell. Last year, Powell used his speech to deliver a warning for the economy: There will be pain.
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August 14, 2023

MainStreet Macro: HR secrets, revealed

by Ben Hanowell

Insight into how the labor market affects our lives on Main Street sometimes comes from surprising places. And what sometimes might seem like a surprising place is where we should have been looking all along. This week, we found labor market insight hidden in one such place: the HR department. Specifically, HR staffing ratios, the share of a company's employees who work in HR.
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July 31, 2023

MainStreet Macro: Holiday Roads

by Nela Richardson, Ph.D.

When economists discuss the economy, they often focus on the national numbers. But state-level data are just as important to understanding the drivers of growth. As we turn the corner into August and peak vacation season, let’s take a data-driven road trip with three main stops – economic growth, unemployment, and wages.
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July 24, 2023

MainStreet Macro: Hold ‘em, fold ‘em, or walk away?

by Nela Richardson, Ph.D.

Some songs capture the ethos of the moment. As Federal Reserve policymakers ponder how to play their hand on interest rates this week, Kenny Rogers has some advice: You gotta know when to hold ‘em, know when to fold ‘em, know when to walk away, and know when to run. With Kenny’s wisdom in mind, here’s a look at the Fed’s cards and what policymakers might be thinking.
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July 17, 2023

MainStreet Macro: Inflation’s construction zone

by Nela Richardson, Ph.D.

Last week delivered some good news: Inflation was up 3 percent from last year, the slowest 12-month increase since March 2021. Inflation was even lower in many areas of consumer spending, but one part of our economy that is continuing to see prices soar is shelter.
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