5 Feb 2021 Surveys Hint at Strong Payrolls, but the Data Look Implausible

Ian Shepherdson (Chief Economist and Founder)5th Feb 2021 00:20U.S., Economic Monitor

Today's January payroll numbers are a tough call, in large part because our usual guide during the pandemic—the daily Homebase small business employment numbers—appears unable to capture the huge seasonal drop in employment when the holidays end.

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