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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.
UK DATA
MNI (London)
The November/December UK labour market reiterated that the UK labour market remains tight, yet signs of initial cooling are beginning to materialise:
- RTI payrolls slowed for a third consecutive month, moderating to +28k, half that of the consensus forecast and around 40k lower than recorded in November.
- The unemoployment rate appears to not be tightening further. At 3.7% in November this is unchanged from October and 0.2pp above the August low of 3.5%.
- Inactivity slowed by 0.1pp on the quarter, suggesting workers are re-entering the workforce, likely driven by the higher cost of living. The decline in inactivity is on the back of the 18-24yo and 50-64yo subgroups returning.
- Vacancies are down, for the three months to December 1161k vacancies were recorded, down 75k from the previous quarter. This does remain a marked 365k above pre-covid levels.
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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