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Economists nudge up US jobs estimates although forecasting non-farm payrolls during the pandemic “is a nightmare”

Economists nudge up US jobs estimates although forecasting non-farm payrolls during the pandemic "is a nightmare"

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It’s the first Friday of the month – of the year, come to that – so once again focus will be on US jobs data. Economists are expecting 424,000 new jobs to have been added to the US economy in December, although as Pantheon Macroeconomics said, forecasting the payrolls number during the pandemic “is a nightmare).

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