Pantheon Macroeconomics

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23rd Dec 2025 10:34USWeekly Monitor
  • We look for a modest 75K rise in payrolls and a small fall in the unemployment rate to 4.5% in December.
  • Retailers and hospitality firms hired cautiously; consumers continue to report worsening job availability.
  • The FOMC still looks likely to pause in January, but the case for easing again will be robust by March.

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Keywords for: 5 January 2026 US Monitor

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