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1st Apr 2024 17:17USDaily Monitor

  • Expect little change in the ISM services index today; either way, it’s a poor guide to services spending. 
  • The ADP employment report is hopelessly unreliable; take it seriously at your peril.
  • The JOLTS quit rate is consistent with much weaker wage growth across the spring and summer, at least.

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Keywords for: 3 April 2024 US Monitor

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