Our econometric model suggests that the discouraging 54,000 increase in non-farm payroll employment in May was followed by a slightly less disappointing 80,000 gain in June. That may go someway to easing fears that a double-dip recession is just around the corner, but it would not be enough to reduce the unemployment rate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services