Pantheon Macroeconomics

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6th May 2022 00:20U.S., Daily Monitor

We think April payrolls rose by 300K, a bit below the 380K consensus...

...but it’s not yet clear if the softening is a temporary hit from the Ukraine war, or the start of a trend.

AHE likely rebounded after calendar quirks depressed the February and March readings.

employment gdp growth headline unemployment hiring intentions job growth labor labor market March May payroll payroll growth payrolls unemployment unemployment rate wages

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Keywords for: Payroll Gains Likely Moderated in April, a War Hit or a Slowing Trend

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