Aussie bounce as debt bills sails through
NAB Morning Call
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The ADP's Employment Change
This falling manufacturing, obviously, is not a US phenomenon. It is happening everywhere while we're seeing services holding up. You'd have to think that the tilt by consumers worldwide out of COVID from consumption of goods towards service is a big part of that. The may well be an underlying slowing. And it's surprising that businesses would be, as what economists call, labour hoarding right now,. given the experience they've been through for the past two years.
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