Pantheon Macroeconomics

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2nd Jan 2024 21:21U.S., Daily Monitor

  • Jobless claims will be wild over the next few weeks; the underlying trend won’t emerge until mid-January.
  • Leading indicators of claims are mixed, but claims are more likely to rise than fall over the next few months.
  • The ADP is a deeply unreliable guide to the official payroll numbers; we recommend you ignore it.

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Keywords for: 4 January 2024 US Monitor

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