Pantheon Macroeconomics - Looking back at the numbers over the past few weeks, it is pretty clear that the gap between the strong payroll reports and the activity data widened to a chasm in the first quarter. We now expect GDP growth of about zero--the latest Atlanta Fed estimate is +0.3% and the New York Fed's new model points to 0.8%--but payrolls rose at an annualized 1.9% rate.

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22 Apr. 2016 Jobs Data Suggest--But Don't Guarantee Faster Q2 Growth

By Ian Shepherdson

Looking back at the numbers over the past few weeks, it is pretty clear that the gap between the strong payroll reports and the activity data widened to a chasm in the first quarter. We now expect GDP growth of about zero--the latest Atlanta Fed estimate is +0.3% and the New York Fed's new model points to 0.8%--but payrolls rose at an annualized 1.9% rate.

Posted: 22nd Apr 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 22 Apr. 2016 Jobs Data Suggest--But Don't Guarantee Faster Q2 Growth

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