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3rd Jan 2024 21:04USDaily Monitor

  • Homebase signals December payroll growth of about 225K; no sign of further weakening yet. 
  • That said, a disproportionate share of this increase likely will come from healthcare and education jobs.
  • The ISM services index likely ticked higher in December, but a steady softening in 2024 is a decent bet.

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Keywords for: 5 January 2024 US Monitor

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