Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

3rd Jul 2025 15:32USWeekly Monitor

  • June private payrolls ex-education and healthcare rose just 23K; revisions will reveal an even weaker picture.
  • Hiring intentions remain depressed; new tax breaks are unlikely to offset tariff costs and uncertainty soon.
  • The drop in unemployment looks like noise; payroll growth will undershoot the break-even rate in H2.

PDF

This publication is only available to U.S. (Monitor) subscribers

Related Publications

No results...

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research
 

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subscribing to and click next.

United States

Eurozone

United Kingdom

China +

Emerging Asia

Latin America

Next

 
Consistently Right
Access Key Enabled Navigation
Keywords for: 7 July 2025 US Monitor

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