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 of 45.5k marked a -41% Y/Y decline in November, the second Y/Y decline this year and the largest since Feb’22.
- It comes as we start to lap the surge in tech-based job cuts in Nov’22. Indeed, tech job cuts of 5k were 90% lower than the 52.8k of Nov’22.
- On the flip side, ex-tech job cuts increased 68% Y/Y in Nov. They were led by retail with 6.5k vs just 373 a year ago.
- The monthly figures can vary wildly but the quarterly trend is slowing a pullback from the tech-led spike early in the year, with overall job cuts up 390% Y/Y in Q1, 163% Y/Y in Q2, 106% Y/Y in Q3 and -16% Y/Y as of Oct-Nov.
- The ex-tech equivalent has also seen some progress but to less extent: 211% Y/Y in Q1, 130% in Q2, 142% Y/Y in Q3 and 47% Y/Y in Oct-Nov.
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