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Angry Bear » Economy may be weaker than generally recognized

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Via Angry Bear


Note how the survey data is weakening more than the payroll data

The survey data tends to lead the payroll:

In 2019 payroll employment —  what Wall Street pays attention to –is the weakest since 2012.

Moreover, hours worked has flattened out:

 

Finally, average hourly wage growth is also weak.

 


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