Pantheon Macroeconomics - We are still annoyed, for want of a better word, by the May payroll numbers. Specifically, we're annoyed that we got it wrong, and we want to know why. Our initial thoughts centered on the idea that the plunge in the stock market in the first six weeks of the year hit business confidence and triggered a pause in hiring decisions, later reflected in the payroll numbers.

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13 June. 2016 Further Thoughts on May Jobs, and Why June Won't be Great

By Ian Shepherdson

We are still annoyed, for want of a better word, by the May payroll numbers. Specifically, we're annoyed that we got it wrong, and we want to know why. Our initial thoughts centered on the idea that the plunge in the stock market in the first six weeks of the year hit business confidence and triggered a pause in hiring decisions, later reflected in the payroll numbers.

Posted: 13th Jun 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 13 June. 2016 Further Thoughts on May Jobs, and Why June Won't be Great

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