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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
The US labor force participation rate returned to the highest since March's post-2020 high in August (62.4%), with the employment-to-population ratio matching the May and Mar 2022 highs (60.1%).
- The overall participation rate is down from 63.4% pre-pandemic. But prime-age participation is picking up quickly: 82.8% in Aug, up 0.4pp and nearing the 83.1% high pre-pandemic.
- The higher participation rate is responsible for the unexpected uptick in the unemployment rate in August. So it's a positive development for the supply side of the economy (ie less inflation pressure), and means the rise in the unemployment rate to the highest since February doesn't translate into significant concern over the health of the labor market.
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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