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4th Sep 2024 10:47USDaily Monitor

  • Homebase data point to strong August payrolls, but most other indicators signal another weak print.  
  • Our 125K forecast for private payrolls will be unaffected by ADP’s estimate today, whatever it says.
  • Q3 GDP looks set to rise at a modest 1½% rate, despite recent momentum in real consumption. 

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Keywords for: 5 September 2024 US Monitor

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