Pantheon Macroeconomics

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8th Apr 2022 00:20U.S., Daily Monitor

Spending is stronger than the confidence numbers suggest, because households are cash-rich.

The rundown of savings accumulated during the pandemic has barely begun; it has a long, long way to go.

Jobless claims are now at an all-time low, as a share of payroll employment; they can’t fall much further.

after-tax income employees income growth jobless claims labor labor demand labor market March payroll policy s&p 500 savings spending growth u.s.

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Keywords for: Low and Falling Confidence is no Barrier to Strong Consumption

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