Pantheon Macroeconomics

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7th Mar 2023 15:42U.S., Daily Monitor

  • ADP is a deeply unreliable guide to payrolls; whatever it says, ignore it.
  • The official job openings data remain hugely elevated, but look for a January drop...
  • ...Either way, NFIB hiring intentions are much weaker and have been a far better guide to payrolls.

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Keywords for: 8 Mar 2023 US Monitor

adp, hiring intentions, January, job openings, labor, labor market, remain, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence