Pantheon Macroeconomics - Whatever you might think about the state of the U.S. economy, it is not as volatile as implied by the past few months' payroll numbers. Assuming steady productivity growth in line with the recent trend, the payroll data suggest the economy swung from bust to boom in one month, with not even a pause for breath.

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11 July. 2016 Jobs Overstate Economic Volatility, Wages Will Soon Matter More

By Ian Shepherdson

Whatever you might think about the state of the U.S. economy, it is not as volatile as implied by the past few months' payroll numbers. Assuming steady productivity growth in line with the recent trend, the payroll data suggest the economy swung from bust to boom in one month, with not even a pause for breath.

Posted: 11th Jul 2016 in 'U.S. Documents'

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