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5th Sep 2024 18:00USWeekly Monitor

  • The trend in private payrolls has halved to just 100K in six months; NFIB data signal further slowing.
  • The August dip in unemployment was due to a jump in temporary layoffs unwinding; the trend is rising.
  • FOMC members Waller and Williams don’t sense the urgency; expect only a 25bp easing this month.

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Keywords for: 9 September 2024 US Monitor

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