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The Latest Breaking News from Nela Richardson

Exclusive: Stanford and ADP have new payroll data on Gen Z women losing ground to men in the job market—and AI isn't the main culprit

Women's employment grew just 1.3% annually since late 2022 for 22 to 25-year-olds, compared with 2.7% for men, Stanford and ADP found.

Fortune

Companies Added Fewer Workers Than Expected in June. Job Seekers Are Also Taking Longer To Find Roles.

Companies added less than 100,000 jobs in June, fewer than expected, new ADP data showed.

International Business Times

'It's not going away': The Stanford economist who called the AI entry-level jobs crisis early has the receipts

Stanford's Erik Brynjolfsson is partnering with ADP's Nela Richardson on a live dashboard tracking what they found last summer: AI is eating entry-level work.

Fortune

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US private sector hiring beats expectations in May: ADP

Employment in the US private sector grew more than expected in May, payroll firm ADP said Wednesday, with hiring seen across a range of industries. The report showed that employers of all sizes were hiring, with gains seen across industries like education and health services, alongside trade, transportation and utilities.

The Economic Times

Nela Richardson has a rare window into how AI is changing work. Her 3 takeaways should make you excited—or very frightened

"No one ever promised a 50-year cycle for white-collar work," the ADP chief economist told Fortune. But that doesn't mean knowledge work is dying, either.

Fortune

Workers around the world are scared. A massive new survey shows just how much

“AI is not like the weather,” ADP chief economist Nela Richardson says. “It is not just going to descend upon us.” In other words, it’s here.

Fortune

The labor market is finally stabilizing, but there's a catch

It's a welcome development in an economy rocked by trade uncertainty, geopolitical shocks, and technological advancements.

Axios

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Job hopping isn’t really worth it anymore, finds new data from ADP—unless you’re a miner or builder

In some roles, it actually pays to stick with the same employer: In leisure and hospitality and IT, workers who stayed in their roles actually saw their salaries fare better than those who left.

Fortune

For jobless Gen Z, production and healthcare sectors are the place to be says ADP's top economist, as blue-collar hiring outstrips office jobs

ADP's jobs report delivered a sucker-punch to Gen Z grads this week: While hiring is up across private payrolls according to December data, it was offset by a significant drop in professional and business services.

Fortune

‘We have not seen this rosy picture,’ says ADP’s chief economist, who warns real economy will look pretty different from Wall Street’s bullish outlook

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

Fortune

The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November

That’s the most since 2020—but then you have to go back to 2009 to find when companies let so many workers go.

Fortune

Main Street bust threatens the entire economy

The economic fortunes of mom-and-pop businesses are diverging from their larger counterparts.

Axios

Labor Market Flashes Red Signal—And The Last Time This Happened It Didn't End Well

The U.S. labor market is flashing a rare warning sign after private sector payrolls fell in June for the first time in over two years, raising concerns about the economy’s health and increasing bets on Federal Reserve interest rate cuts.

Benzinga

Payrolls Grew More Than Expected In January: ADP Jobs Report

Private sector employment surged by 183,000 in January, exceeding economists' forecasts and signaling a strong labor market.

International Business Times

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International Business Times

All Eyes On Final Jobs Report For 2024: What To Expect In 2025

The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.

Fortune

Millennials and Gen Z are least likely to care about being happy in their job

A survey of 35,000 workers found more one in four 24-to-34-year-olds cared about their day-to-day happiness, compared with more than half of baby boomers.

Fortune

Millennials and Gen Z are least likely to care about being happy in their job

A survey of 35,000 workers found more one in four 24-34-year-olds cared about their day-to-day happiness, compared with more than half of baby boomers.

The Independent UK

Is the US job market beginning to weaken? Friday's employment report may provide hints

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

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International Business Times

US Private Sector Hiring Picks Up Again In March

US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase.

The Guardian - US

US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

International Business Times

US Private Sector Job Gains Slow In January As Labor Market Cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

International Business Times

US Private Sector Hiring Up More Than Expected In December

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

Chicago Sun-Times

Illinois workers at private companies saw pay jump in December, report says

The state was on par with nationwide trends, where wage growth for “job-stayers” increased 5.4%, and the state’s median salary was just shy of the national median salary of $58,700.

Fortune

Why ‘I quit’ comes soon after ‘you’re promoted’—and companies keep bungling the career advancement process

New research shows that three out of 10 workers who got bigger roles at work wound up leaving within a month. The same wasn’t true for people who stayed in their old roles.

The Guardian - UK

Bank of England’s Ramsden warns inflation ‘remains much too high’ after falling to 7.9% in June - as it happened

FTSE 100 jumps and gilt yields tumble after larger-than-expected drop in UK inflation last month

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