FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

EZ/UK T-Bill Calendar:1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Consumer Net Job Security Lowest Since May 2020

CANADA DATA
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Consumer confidence in the Bloomberg Nanos survey saw a second solid weekly decline to 51.6 last week, moving further away from recent highs of 53.5.
  • Whilst still far below the 55-60 readings typically seen pre-pandemic, it’s nevertheless holding an improvement seen since the sub-49 lows in November.
  • The headline figure does however mask a notable deterioration in job sentiment.
  • From the write-up: “Net job security plunged to 44.9%, its lowest level since May 2020 […] The data suggest workers aren’t necessarily turning outright pessimistic, but uncertainty is ballooning. Most Canadians remain confident they won’t lose their jobs, as 44% said they feel their job is secure, while another 14% said somewhat secure. Four percent responded somewhat not secure, while 9% said not at all secure.”
124 words

To read the full story

Close

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.
  • Consumer confidence in the Bloomberg Nanos survey saw a second solid weekly decline to 51.6 last week, moving further away from recent highs of 53.5.
  • Whilst still far below the 55-60 readings typically seen pre-pandemic, it’s nevertheless holding an improvement seen since the sub-49 lows in November.
  • The headline figure does however mask a notable deterioration in job sentiment.
  • From the write-up: “Net job security plunged to 44.9%, its lowest level since May 2020 […] The data suggest workers aren’t necessarily turning outright pessimistic, but uncertainty is ballooning. Most Canadians remain confident they won’t lose their jobs, as 44% said they feel their job is secure, while another 14% said somewhat secure. Four percent responded somewhat not secure, while 9% said not at all secure.”