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3rd Feb 2025 09:36USDaily Monitor

  • We look for a 125K increase in January payrolls, well below the 170K consensus.
  • Survey indicators present an incoherent picture, but unusually cold weather likely hit employment.
  • The small fall in continuing claims points to a stable unemployment rate, but the risks are to the upside.

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Keywords for: 4 February 2025 US Monitor

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