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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
Lots of client questions about why the unemployment rate jumped so much given the large upside surprise (and revisions) in the headline payrolls number: the answer is simply that they are taken from different surveys.
- The unemployment rate as noted above is taken from the Household survey (when employment fell 310k), and the overall payrolls number is taken from the Establishment survey.
- We're still going through the report but the household numbers were so weak (biggest increase in unemployed since Apr 2020) at first glance they should be taken easily as seriously as the headline payrolls figure.
- Employment gains in Household were the weakest since April 2022, and the "beat" of Establishment employment (+339k) vs Household (-310k) of 649k was the widest since April 2020.
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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