Free Trial
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
- Challenger job cuts jumped from 23.7k to 75.2k in August for a 267% Y/Y increase after -8% Y/Y in July. It follows an average 163% Y/Y in Q2 and 390% Y/Y in Q1.
- Warehousing is clearly the largest driver (jumping from just 50 to 32k) after Yellow Corp’s bankruptcy, something that will likely weigh on payrolls growth in tomorrow’s release. That said, even if you adjust for the ~30k job losses there, total job cut announcements would have still increased 120% Y/Y so the latest increase is more broad-based.
- Tech cut announcements meanwhile saw their first Y/Y decline since Apr’22 (the 3.2k was -37% Y/Y) having heavily swayed overall cuts earlier in the year with extremely strong increases.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok