Pantheon Macroeconomics

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21st Dec 2021 00:20U.S., Daily Monitor

  • Homebase data for December point to a a surge in payrolls; they were right about the soft November.
  • Omicron is a serious threat to job growth early in the New Year; spending on services will drop for a time.
  • Real-time data aren't rolling over yet, but European experience sends a very clear warning.

activity adp asset bls conditions confidence demand employees employment forecast gains growth income it job growth labor payroll payroll growth payrolls private payroll private payrolls savings sector services services sector spending stock summer survey u.s. unemployment wages

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Keywords for: December Payrolls Likely Surged, but Omicron will put the Brakes on

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