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29th Oct 2024 20:52USDaily Monitor

  • Both the job postings-to-unemployment ratio and the quits rate are now well below pre-Covid levels.
  • ADP’s data has a poor record of capturing the hit to private payrolls from hurricanes.
  • September’s jump in the trade deficit was due to inventory accumulation; Q3 GDP growth will be strong.

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Keywords for: 30 October 2024 US Monitor

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