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3rd Jul 2024 18:25USDaily Monitor

  • We’re sticking with our forecast that payrolls rose by 160K in June, below the 190K consensus.
  • The unemployment rate likely was unchanged at 4.0%, but large sampling error creates uncertainty.
  • Neither the ISM or S&P services PMI is clearly better than the other; the truth likely lies between the two.

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Keywords for: 5 July 2024 US Monitor

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