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21st Apr 2026 10:54USDaily Monitor
  • Weekly ADP payroll data and the ASA’s staffing index have picked up, but both have poor track records.
  • Measures of job openings have worsened, and our preferred indicators of payrolls haven’t improved.
  • The impact of AI on the economy looks too uncertain to justify rate cuts in the near term. 

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Keywords for: 23 April 2026 US Monitor

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