9 April 2024 US Monitor Stressed smaller firms likely driving downward revisions to payrolls
8th Apr 2024 10:06USDaily Monitor
- Revisions between the first and third payroll estimate have become bigger and increasingly negative.
- Under pressure SMEs likely are under-represented in the first estimate; expect larger downward revisions in Q2.
- We expect another fall in the NFIB index in March, as small businesses remain under pressure.
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