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2nd May 2024 17:55USWeekly Monitor

  • April's slowdown in payrolls looks like real weakness; revisions likely will push the numbers down further.
  • Near-zero growth in payrolls lies ahead if the NFIB survey retains its status as the best leading indicator.
  • The ISM services survey has joined the growing list of surveys showing that labor demand is weakening.

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Keywords for: 6 May 2024 US Monitor

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