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4th Dec 2023 17:48US, Daily Monitor

  • The quits rate fell much further than implied by the drop in unemployment during the Great Rehiring…
  • …It correctly signalled that wage gains would rocket, but now it tells the opposite story.
  • ISM services has tracked sideways in recent months, net; the pattern likely continued in November.

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Keywords for: 5 December 2023 US Monitor

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