Nela Richardson

Bank of America reports that spending data shows lower-income families are beginning to spend more, narrowing the gap with wealthier households and signaling a potential end to the K-shaped economy. T…

Private employers added 122,000 jobs in May, exceeding economists' expectations of 110,000 and marking the strongest month of hiring since January 2025, according to ADP data released Wednesday. Job o…

ADP chief economist Nela Richardson, analyzing payroll data covering one in six U.S. workers, warns that white-collar work is structurally unwinding as the historical accident that created it—driven b…