Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

5th Jan 2022 15:56U.S., Daily Monitor

  • Our final December jobs forecast is 850K; we expect the initial print to be revised up up to about 1M.
  • Forecasting payrolls during Covid is a nightmare, but the risk to the 424K December consensus is clear.
  • We now expect the first Fed hike in March, with two further hikes later in the year, and a steeper curve.

adp asset asset purchases cpi credit debt debt ceiling equipment fed fed hike forecast growth inflation investment it job growth jobs market payroll payroll numbers payrolls policymakers private payrolls productivity productivity growth qe rates spending stock summer survey treasuries wages yield yields

This publication is only available to U.S. Economic Research (Monitor) subscribers

Related Publications

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States


United Kingdom

China +

Emerging Asia

Latin America


Consistently Right
Access Key Enabled Navigation
Keywords for: Homebase and ADP Point to an 850K Initial Print for December Payrolls

adp, asset, asset purchases, cpi, credit, debt, debt ceiling, equipment, fed, fed hike, forecast, growth, inflation, investment, it, job growth, jobs, market, payroll, payroll numbers, payrolls, policymakers, private payrolls, productivity, productivity growth, qe, rates, spending, stock, summer, survey, treasuries, wages, yield, yields, Pantheon Macro, Pantheon Macroeconomics, independent macro research independent research, ian shepherdson, economic intelligence