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3rd Aug 2023 20:22U.S., Weekly Monitor

  • The gradual downward trend in job growth continued into July, but the outlook is unclear...
  • The NFIB signals 200K job gains, but hours worked, temporary jobs, and seasonals tell a different story.
  • The recent uptick in wage growth likely is not significant; it won’t make Fed doves change their view.

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Keywords for: 7 August 2023 US Monitor

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