Nela Richardson

Senior Vice-President; Chief Economist - Automatic Data Processing Inc. (ADP)

35 stories

31 quotes

It's a strong report. After a three-month slowdown, job creation rebounded and pay growth remained solid,
It's a strong report,
It's a strong report,
Once-predictable wage growth has been overtaken by the complexities of demographic change, persistent inflation, and AI's effects on jobs,
There is a cost to a low-hire, low-fire labor market, because one of the ways that workers outrun too-high inflation is by switching jobs,
Pay is reflecting a labor market that is not getting looser, but maybe tightening a little bit. What you're seeing is pockets of supply constraints,

Earlier

US economy unexpectedly lost 23,000 jobs in July

Le Mondelemonde.fr/en/economy…

If the trend continues, U.S. workers might find themselves squeezed on two fronts — a weakening job market and high inflation from an uncertain geopolitical conflict cutting into paychecks and household budgets.For the Federal Reserve, that combination presents an uncomfortable dilemma

Axiosaxios.com/2026/08…

AI will help young workers 'mature' faster by automating grunt work, Thoma Bravo says, amid youth job crisis

CNBCcnbc.com/2026/06…

Big businesses are in bidding wars to land the same experienced pool of talent, raising questions about how they can attract the younger hires

CNNcnn.com/2026/06…