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Economy may be weaker than generally recognized

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

The survey data tends to lead the payroll:

Economy may be weaker than generally recognized

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

Economy may be weaker than generally recognized

Moreover, hours worked has flattened out:

Economy may be weaker than generally recognized

Finally, average hourly wage growth is also weak.

Economy may be weaker than generally recognized

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