13 January 2025 US Monitor Payrolls are too noisy for December's data to convincing signal an upturn
9th Jan 2025 19:48USWeekly Monitor
- December payroll growth likely will be revised to a slower pace, given the usual skew in late responses.
- The trend is revealed only from data spanning about six months; payroll growth was lower in H2 than H1.
- Homebase data make payroll forecasts less accurate; they are a poor guide even to hospitality payrolls.
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