22 Apr. 2016 Jobs Data Suggest--But Don't Guarantee Faster Q2 Growth
22nd Apr 2016 05:08U.S., Economic Monitor
Looking back at the numbers over the past few weeks, it is pretty clear that the gap between the strong payroll reports and the activity data widened to a chasm in the first quarter. We now expect GDP growth of about zero--the latest Atlanta Fed estimate is +0.3% and the New York Fed's new model points to 0.8%--but payrolls rose at an annualized 1.9% rate.
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