By Cheryl Liu 25-09-2019

Improving Forecasts for US Payrolls (3 min read)

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For government agencies and economic policymakers, assessing the performance of the labour market significantly aids their decision making. Every post-war recession in the US has been associated with a year-on-year drop in payroll employment, while outside of recessionary declines, the year-on-year payroll growth has always been positive. It is perhaps because of this that the monthly release of the official US payrolls data is the most market-moving US data series. As you might imagine, then,…

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