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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
- Challenger Job cut announcements rose 176% Y/Y in April, the smallest Y/Y increase since Dec after an average 390% jump in Q1.
- The drop from 89.7k to 67.0k came predominantly from tech firms, where layoff announcements fell from 39.2k to 11.6k for the lowest (non-seasonally adjusted) month since Oct but still up massively compared to just 192 in Apr’22.
- Non-tech layoff announcements rose on the month from 50.5k to 55.4k, with the Y/Y falling to 130% Y/Y from 137% in March and 211% averaged in Q1.
- The recent revision to initial claims seasonal adjustment shows that the prior uplift in layoff announcements fed through in Feb/Mar but hasn’t materially pushed on higher since then.
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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