Pantheon Macroeconomics

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7th Mar 2022 00:30U.S., Daily Monitor, Weekly Monitor

  • Rapid payroll growth will continue for some time yet, but a return to the pre-Covid trend is unlikely...
  • ...Participation, especially among older people, is unlikely to reverse the entire Covid-driven plunge.
  • The soft February wage data are more noise than signal, but the trend probably is no longer accelerating.

employment ism January job growth labor labor demand manufacturing manufacturing sector March oil payroll payroll growth payrolls u.s. us wage data wages

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Keywords for: Further Big Job Gains are Likely, but a Full Recovery will Remain Elusive

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