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Below is a list of our US Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
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Low response rate suggests jump in payrolls very likely to be revised away.
Indicators with a better track record paint a much weaker picture.
This week’s Fed inaction was a mistake; the case for 50bp in September is strong.
Weakening in private payroll growth points to multiple rate cuts in H2.
ADP is too unreliable to take seriously, though it’s consistent with our payroll forecast.
Disappointing, but not the end of slowing employment costs inflation.
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