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.
U.S. employers added 261,000 jobs in October, above Wall Street expectations for a 200,000 gain, while the unemployment rate rebounded two-tenths to 3.7%, the Labor Department said Friday. The data should keep the Fed on track for further interest rate increases.
Employment in health care, professional and technical services and manufacturing led the gains. The leisure and hospitality sector added a smaller 35,000 jobs, compared to its monthly average of 78,000 this year.
Average hourly earnings sped up a tenth to 0.4% but the year-over-year pace continued to decelerate to 4.7% from its peak of 5.6% in March. The labor market is showing few signs of softening, Fed Chair Jerome Powell said Wednesday.
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.