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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access3Q nonfarm productivity +3.0% (strongest 3Q.>
US DATA: 3Q nonfarm productivity +3.0% (strongest since 3Q 2014) vs
+2.9% expected, ULC +0.5% vs +0.6% expected, while for 2Q, productivity
unrev at +1.5% and ULC rev up very slightly to +0.3% (prev +0.2%), so
overall a report with no major surprises. 3Q output growth +3.8%,
slightly less than 2Q, but hours worked growth slipped to +0.8% from
+2.4%. Nonfarm productivity +1.5% y/y (strongest since 2Q 2015) vs +1.3%
in 2Q, but ULC -0.1% y/y vs -0.2% y/y in 2Q, an indication of the
softness of labor costs. See MNI main wire.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.