7 April 2025 US Monitor Payroll growth will slow, but it's too strong for the Fed to ease in May
3rd Apr 2025 09:56USWeekly Monitor
- The stock price drawdown is historically consistent with a 1% fall in payrolls, but slow gains are more likely.
- Most services firms have little exposure to tariffs; leading indicators of hiring are weak, not on the floor.
- The healthcare sector will remain a jobs juggernaut; falling manufacturing payrolls will drag modestly.
Are you taking full advantage of our daily publications?
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
