Pantheon Macroeconomics

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4th Apr 2023 14:49U.S., Daily Monitor

  • The JOLTS data likely still substantially overstate labor demand; ADP is unreliable too.
  • Expect a dip in the ISM services index, and a reversal of the February spike in the employment component.
  • Auto sales dipped slightly in March; momentum has faded since the weather-assisted January spike.

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Keywords for: 5 Apr 2023 US Monitor

adp, employment, February, ism, January, labor, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence