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Supply Chain Monitor: Employment Dec 2024
Today’s data update takes a closer look at the manufacturing data within the most recent Employment Situation release.
Today’s data update takes a closer look at the manufacturing data within the most recent Employment Situation release.
The further slowing we were worried about last month, particularly in the prime-age employment rate, did not materialize. This sets back expectations for earlier and more rate cuts this year, but it’s certainly a good report for anyone concerned about the left tail of labor market risk.