MNI China Daily Summary: Monday, November 11

MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI BRIEF: PBOC Has Room For More Easing : Research Head

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

GS: Lower Than Normal Year-End Layoffs To More Than Offset Weather Impact

US OUTLOOK/OPINION
  • GS see nonfarm payrolls rising 250k (mom sa) in January, “reflecting below-normal end-of-year layoff rates—as indicated by our GS layoff tracker—that more than offset a roughly 50k drag from cold, snowy weather during the survey week.”
  • “We assume this weather headwinds weighs on the leisure and hospitality, other services, and construction categories. Big Data employment indicators were mixed in the month but are also broadly consistent with low layoff rates and a potentially large weather drag.”
  • The unemployment rate is seen unchanged at 3.7%, “reflecting a sharp rebound in household survey employment offset by a rebound in the labor force participation rate to 62.6%”.
  • AHE seen at 0.20% (mom sa) lowering the Y/Y rate by one tenth to 4.0%, “reflecting waning wage pressures and negative calendar effects (the latter worth roughly -5bps).”
Homepagemarkets-real-timeGoldman Sachs Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.