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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.
US DATA
- The earlier ADP report showed a further marked deceleration in wage growth for job changers in August, although it was still very strong at 9.5% Y/Y after 10.3% for its softest since Jun’21.
- Job stayers continued their steadier moderation, from 6.2% to 5.9% Y/Y for its softest since Sep’21.
- The limited back history for the relatively new series makes a comparison with pre-pandemic growth difficult, but it’s likely that wage growth remains far stronger than prior trends.
Job changers (yellow), job stayers (white)Source: Bloomberg
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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