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19th Aug 2024 10:22USDaily Monitor

  • Our Homebase model points to a 250K jump in August private payrolls, which looks implausible.
  • Other labor market indicators are far less upbeat; we have pencilled in an increase of 125K.
  • We expect a meagre rise in government payrolls this month, and see a sharp slowdown ahead. 

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Keywords for: 20 August 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence