Pantheon Macroeconomics

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1st Apr 2022 13:27U.S., Daily Monitor

  • All the indicators we follow point to soft March payrolls; we expect a zero headline print...
  • ...But we see upside risks to wages; the consensus assumes no correction from February's zero reading.
  • The manufacturing recovery seems to be on track, but look out for renewed supply chain pressures.

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Keywords for: 1 Apr 2022 Payroll Risk is to the Downside, but Look for a Rebound in Hourly Wages

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence