Pantheon Macroeconomics

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9th Mar 2023 15:36U.S., Daily Monitor

  • Payroll growth likely slowed to about 200K in February, confirming that the January spike was a fluke.
  • The surge in hours worked appears to have reversed in full, implying declines in retail sales and IP.
  • Hourly wage growth has slowed, but the numbers are noisy; look for a nudge up in unemployment.

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Keywords for: 10 Mar 2023 US Monitor

January, retail sales, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence