Pantheon Macroeconomics

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7th Oct 2015 07:01U.S., Economic Monitor

In the absence of market-moving data today, we want to take a closer look at the labor market, and, specifically, the idea that payroll growth is slowing because firms cannot find staff they consider suitably qualified for the jobs available. Every indicator of labor demand, with the sole exception of manufacturing-specific surveys, is consistent with very rapid payroll growth, well in excess of 200K per month.

payroll growth labor demand wage wages gdp trade manufacturing nfib ism hiring wages

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Keywords for: 7 Oct. 2015 Are Payrolls Slowing Because There's No-one Left to Hire?

payroll, growth, labor, demand, wage, wages, gdp, trade, manufacturing, nfib, ism, hiring, wages,