Data Lab
FEATURED POST
June 5, 2023
MainStreet Macro: Gen Z joins the workforce
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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MainStreet Macro: People at Work: A three-year lookback
For the past three years, the ADP Research Institute has been talking to workers across the globe to learn about their on-the-job experiences before, during and after the pandemic. Last week we released our latest report in this series, our People at Work Survey.
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MainStreet Macro: The path between global and local growth
Last week my attention turned to my old stomping ground, Washington, D.C., where I worked for several years.
One of the city’s most closely watched spring events – after the National Cherry Blossom Festival – is the annual spring meeting of the World Bank and International Monetary Fund. Central bankers, finance ministers, company executives, and academics from across the globe descend on D.C. to discuss front-burner economic and geopolitical issues.
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MainStreet Macro: March Jobs Data: A Return to Balance
Last week delivered a fresh round of jobs data for February and March. Today, we’ll catch up on the numbers and what they say about the current state of the labor market. All told, it’s mostly good news.
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MainStreet Macro: Taking the temperature of financial conditions
Where I live, in the Northeast, early spring can be unsettling. Warm, sunny hours can be followed by chilling rains, relentless wind, snow, or worse.
Like spring’s unpredictable weather, financial conditions can be volatile, as we witnessed last month.
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MainStreet Macro: The goods on goods
We all know by now that the labor market is tight. But it’s also fragmented, with different sectors responding differently to labor shortages and higher interest rates. As Main Street employers scout for workers, for example, big tech companies continue to announce big layoffs.
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MainStreet Macro: Off the clock
Whether they’re at the office, on site, or at home, the hours people put in at work are all important, to both them and their employers. Employers use the number of hours worked as a lever to control the quantity of output their employees deliver. And hours worked are a key input when it comes to analyzing the labor market. They’re a consequential determinant of wages, profits, inflation, and the productive power of the economy.
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MainStreet Macro: Unseasonable warmth
I live in the Northeast, where February has brought unseasonably warm weather. The mild temperature reminds me of the U.S. economy, which is much warmer than many economists and analysts expected it would be at this point in time.
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MainStreet Macro: Back to basics
With inflation, Silicon Valley layoffs and the federal debt ceiling dominating economic headlines, the real economy can get lost. Today, to mark the 100th edition of MainStreet Macro, I thought we’d get back to basics. Let’s start with a reminder of why Main Street is the economy’s growth engine.
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