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4th Oct 2024 09:45USWeekly Monitor

  • The scope for another downward revision to payrolls is high, given the low response rate in September.
  • The dip in the unemployment rate is statistically insignificant; reliable surveys point to a rising trend.
  • A 25bp easing in November remains a good bet, but labor market data will force a faster pace thereafter.

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Keywords for: 7 October 2024 US Monitor

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