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Correction to Labor Differential In Payrolls Preview

US
  • Regarding the Conference Board’s labor market differential for December, the chart in the preview (see here) was accurate but the text was incorrect.
  • It should have read that the differential increased 4.5pts to 27.5 for its highest since July, leaving it as another positive indicator on a monthly basis.
  • It was driven by a combination of higher perception of jobs being plentiful (from 38.6% to 40.7% for highest since June) and a smaller share seeing as hard to get (from 15.6% to 13.2%, smallest since Aug).
  • We take the opportunity to update the broader preview charts to take into account of today's ADP release.

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