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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
- Overall NFP growth far stronger than expected at 303k (cons 214k) in March along with a small net upward revision of 22k (-5k in Feb but +27k in Jan).
- The private data again take the gloss off the beat though, with a slightly smaller beat (232k vs cons 170k) and a two-month revision of only +3K including -16k for Feb.
- As above, AHE was on the strong side of expectations at 0.347% (cons 0.3) after an upward revised 0.174 (initial 0.145).
- That’s despite stronger than expected average hours worked at 34.4 (cons 34.3) even if the latter sticks to its 34.3-34.4 range seen in all but one month since Mar’23.
- The non-supervisory category was a little softer however at 0.24% after 0.27% M/M and sees a softer trend.
- Latest three-month trends 4.1% annualized for AHE, 3.8% for non-supervisory.
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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