Pan Sen Macro: The departure of campaign staff after the election will affect non-farm payrolls
Pan Sen, a macroeconomist, wrote that the gradual end of the election campaign will cause a small but noticeable fluctuation in economic data. With the decrease in election-related spending by non-profit organizations, this decline will manifest as a decrease in the annualized growth rate of personal consumption expenditures in Gross Domestic Product (GDP)—with a potential drop of up to 1 percentage point. At the same time, campaign staff will have to turn to other jobs. In the employment data, they fall under the category of "religious, grant-making, civic, professional, and similar organizations," which has seen an increase of 30,000 jobs since January, similar to the situation in 2016. Pan Xien Macro Economic Consulting stated that by December 2016, this category had lost 15,000 jobs, and such a decline may occur again
On November 6th, Jin10 Data reported that Pan Sen, a macroeconomist, stated that the gradual end of the election activities will cause a small but noticeable fluctuation in economic data. With the decrease in spending related to elections by non-profit organizations, this decline will manifest as a decrease in the annualized growth rate of personal consumption expenditures in Gross Domestic Product (GDP)—with a potential drop of up to 1 percentage point. At the same time, campaign staff will have to turn to other jobs. In the employment data, they fall under the category of "religious, grant-making, civic, professional, and similar organizations," which has seen an increase of 30,000 jobs since January, similar to the situation in 2016. Pan Sen Macro Economic Consulting indicated that by December 2016, this category had lost 15,000 jobs, and such a decline may occur again