Surveillance: Weak US GDP with Pingle (Podcast)
Bloomberg Surveillance
00:00
Do You See a Slowdown in Payroll Employment?
We have a pretty meaningful slow down in parole employment. We actually would make a case that it has been sort of artificially supported somewhat in recent months. And given the severity of the slowdown and aggregate demand, we would certainly expect the labor market to follow. You know, we're looking for pay rolls to at some point in the third quarter, you know, run under 200 k a month as part of that slowing.
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