Pantheon Macroeconomics

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16th Dec 2025 10:51USDaily Monitor
  • The NFIB survey’s hiring intentions index increased in November to its highest level since May 2023... 
  • ...But first estimates of private payrolls have undershot its implied level by 50K on average since Q1.
  • The regional Fed surveys and the Census Bureau’s biweekly business survey show weaker hiring plans.

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Keywords for: 18 December 2025 US Monitor

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