Pantheon Macroeconomics

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2nd Jan 2025 12:11USWeekly Monitor

  • Manufacturing payrolls have been falling for several months, and construction looks vulnerable too.
  • Job losses in these sectors have often signaled trouble for the broader labor market and economy.
  • We think the economy is in a more fragile position than markets and the commentariat appreciate.

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Keywords for: 6 January 2025 US Monitor

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