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31st Jan 2024 19:06US, Daily Monitor

  • We think total payrolls rose by about 225K in January, comprising 175K private and 50K government.
  • Similar gains are likely through the end of Q1, but we expect a meaningful slowing in job gains in Q2.
  • Don’t worry about the jump in ISM prices paid; it’s an unreliable guide to CPI core goods prices.

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Keywords for: 2 February 2024 US Monitor

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