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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
Richmond Fed Pres Barkinsaid in May in reference to "substantial further progress" in meeting the Fed's full employment mandate that he was "closely tracking" the employment-to-population ratio.
- In particular, he was looking for a return to pre-pandemic level (61.1% in Feb 2020) as a sign labor markets had recovered.
- But as of today's employment report, that ratio has only edged higher 0.1pp in each of the last two months, and 0.6pp total in 2021 so far, to 58.0 in May.
- At a 0.1pp pace it would take 2-3 years to get to 61+%.
Source: BLS, MNI
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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