Pantheon Macroeconomics - The first thing to ask after a payroll number far from consensus is whether it is supported by other evidence. We are happy to argue that November's blockbuster report is indeed consistent with a range of other numbers, notwithstanding the unfortunate truth that there are no reliable indicators of payrolls on a month-to-month basis.

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8 Dec. 2014 - Falling Unemployment Will Trigger Tightening: Payrolls Will Soar

By Ian Shepherdson

The first thing to ask after a payroll number far from consensus is whether it is supported by other evidence. We are happy to argue that November's blockbuster report is indeed consistent with a range of other numbers, notwithstanding the unfortunate truth that there are no reliable indicators of payrolls on a month-to-month basis.

Posted: 8th Dec 2014 in 'U.S. Documents'

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