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3rd Apr 2024 16:09US, Daily Monitor

  • The Homebase jobs data signal March strength; we expect 225K headline payrolls and 175K private…
  • ...But the NFIB survey’s hiring intentions measure points to much weaker numbers in Q2.
  • Low snow cover likely boosted hours worked and depressed AHE, but the Fed only cares about the ECI.

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Keywords for: 5 April 2024 US Monitor

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