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2nd Jun 2025 08:52USDaily Monitor

  • We look for a 125K rise in May payrolls; the surge in distribution sector jobs likely has petered out...
  • ...While the most reliable survey indicators show that rising uncertainty has weighed on hiring.
  • Continuing claims data point to another rise in unemployment, increasing pressure on the FOMC to ease.

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Keywords for: 3 June 2025 US Monitor

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