The U.S. labor market is at a critical inflection point. It is nearing full employment, top talent is becoming scarce and job switching is at an all-time high. Now more than ever it is important that business leaders, policymakers and the public have greater transparency into how the labor market is performing.
That’s why we use our deep empirical data to share labor market insights like our monthly National Employment Report and quarterly Workforce Vitality Report, to provide a clear look at job and wage dynamics.
It’s also why we have shared our data with a team of some of the brightest minds in labor economics who have used it for their own in-depth research into the labor market and we convened this group at a new event – the ADP Research Institute State of the Labor Market Summit 2017.
The ADP Research Institute State of the Labor Market Summit 2017, hosted at the Nasdaq MarketSite, brought top experts together to explore overall trends in the labor market and their impact on the U.S. economy. Speakers included Alan Krueger, Professor of Economics and Public Affairs, Princeton University; Erik Hurst, Professor of Economics, University of Chicago Booth School of Business; Mark Zandi, Chief Economist, Moody’s Analytics; and Christopher Kurz, Principal Economist, The Federal Reserve, Washington D.C.
The group discussed key questions including:
- Why have wages remained sticky since the Great Recession?
- How do we solve the productivity puzzle with an aging workforce?
- What is the impact when a state raises its minimum wage?