Most workers think AI will affect their jobs: Get the latest from Data Lab.

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It’s almost summer! Who’s hiring and who’s paying? Data Lab digs into the state of young workers this season.

June 12, 2024

Lazy days? Not this summer

Lazy days? Not for young workers this summer. Hiring is up and pay is strong. To celebrate the season, here are some new numbers from Data Lab.
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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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July 10, 2023

MainStreet Macro: At your service

by Nela Richardson, Ph.D.

Data on the overall health of the economy delivered good news in June to round out the first half of the year. The economy created 209,000 jobs last month, according to the Bureau of Labor Statistics, and the ADP National Employment Report found that private employers added 497,000 new workers.
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June 26, 2023

MainStreet Macro: Add this must-have summer data to your economic toolbox

by Nela Richardson, Ph.D.

Summer is here, and with it, the return of peak homebuying season, a time when families rush to find their dream house before school starts in the fall. Even if you’re not a homeowner and have no interest in buying, this pickup in activity can have consequences for you. Homebuying season comes with an abundance of important data on the housing market, which in turn can tell us a lot about consumers and the economy.
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June 12, 2023

MainStreet Macro: To pause or not to pause? Maybe that’s not the question

by Nela Richardson, Ph.D.

The Federal Reserve has raised interest rates 10 consecutive times, taking the benchmark federal funds rate from near zero up to more than 5 percent. This week, Fed policymakers meet again to decide whether to move rates again – or not. Economists are divided as to whether the central bank should pause their rate hikes this month or keep them coming.
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June 5, 2023

MainStreet Macro: Gen Z joins the workforce

by Nela Richardson, Ph.D.

It’s graduation season. Some young adults will head to college, and some college graduates will continue with their studies. But most members of this year’s graduating class will become new entrants into a dynamic and evolving post-pandemic labor market.
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May 22, 2023

MainStreet Macro: Answering questions, and raising new ones, about the complex world of work

by Nela Richardson, Ph.D.

This week, ADP Research Institute launches Data Lab, a centralized and in-depth repository of research and information on the economy and labor market.
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May 15, 2023

MainStreet Macro: The next inflation risk

by Nela Richardson, Ph.D.

Lately, I’m reminded of inflation during my morning exercise class. While the first 50 (OK, 35) sit-ups are fast and easy, after that my pace starts to slow. By 60 reps, I’ve gone from fast and easy to slow and irregular.
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