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2nd Oct 2024 17:48USDaily Monitor

  • Payrolls likely rose by only 135K in September, constrained by slow private and government hiring.
  • Initial claims have been distorted by iffy seasonals; unemployment won’t track the drop in continuing claims.
  • October private job growth will be close to zero, if strikes at Boeing and the ports continue next week.

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Keywords for: 4 October 2024 US Monitor

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