Pantheon Macroeconomics

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5th May 2023 14:56U.S., Weekly Monitor

  • Payroll growth and wage gains are trending down, despite the upside surprises in April.
  • Whatever happened in April, the NFIB survey points to slower gains ahead, but no rollover, yet.
  • The labor market is not yet soft enough for the Fed, but things change quickly at cyclical turning points.

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Keywords for: 8 May 2023 US Monitor

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