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Payrolls, Gasoline, Rigs, Recession awareness

Summary:
Private payrolls are reported down by about 23.5 million employees: “While there are numerous theories as to why economists were so far off, one explanation was widely discussed on Friday. The jobless claims data and the ADP private payrolls report did not pick up what analysts call “hidden hiring.” Firms put their employees on “government payroll” for a couple of months with full intentions of bringing them back.”

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WARREN MOSLER considers the following as important:

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WARREN MOSLER writes Vehicle sales, Retail sales, Industrial production

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WARREN MOSLER writes Consumer sentiment, job openings, trade, new US covid cases

Private payrolls are reported down by about 23.5 million employees:

“While there are numerous theories as to why economists were so far off, one explanation was widely discussed on Friday. The jobless claims data and the ADP private payrolls report did not pick up what analysts call “hidden hiring.” Firms put their employees on “government payroll” for a couple of months with full intentions of bringing them back.”

Payrolls, Gasoline, Rigs, Recession awareness

Payrolls, Gasoline, Rigs, Recession awareness

Payrolls, Gasoline, Rigs, Recession awareness

Payrolls, Gasoline, Rigs, Recession awareness

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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