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29th Feb 2024 19:32US, Weekly Monitor

  • Falling hiring plans and rising layoff fears signal a clear slowdown in spring payroll growth.
  • Cyclical job growth appears likely to grind to a halt, leaving only demographics boosting employment.
  • The ISM remains depressed and range-bound, but it is likely to break gradually to the upside in the spring.

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Keywords for: 4 March 2024 US Monitor

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