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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
MNI (London)
Chicago Business BarometerTM asked firms in January "With employment costs increasing and growth outlooks weakening, are you considering slowing hiring in upcoming months?"
- An equal number of respondents (36.1% each) responded “Yes” and “No”. 11.1% were expecting to somewhat slow hiring, whilst 16.7% remained unsure. Some respondents continue to struggle with acute labor shortages whilst others have begun laying off staff as weak business conditions prevail.
- The Employment subindex ticked down by -0.6 points to a four-month low of 42.0 in January as one-quarter of firms reported lower employment levels.
- Labor shortages continue to hamper business activity and were reported by some firms as making up the greatest bottleneck to production.
- The US Bureau of Labor Statistics manufacturing nonfarm payroll growth has cooled recently. After a jump to +34k jobs in October 2022, November and December both recorded a more modest +8k. The Chicago SurveyTM implies a continuation of this trend.
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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