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20th May 2024 14:50USDaily Monitor

  • Our Homebase model points to an initial estimate of a subpar 150K rise in private payrolls in May.  
  • The Redbook measure of year-over-year growth in retail sales has been remarkably strong lately...
  • ...But it has often overstated the trend in the official retail sales data in the recent past; we think it is again. 

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Keywords for: 21 May 2024 US Monitor

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