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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
- The number of job openings to unemployed dipped from an upward revised and new record of 1.99 in March (originally 1.94) to 1.92 in April. The measure has been referenced extensively by FOMC members, including Powell seeing the 1:1 in the late teens as “a good number” and wanting vacancies to fall even if it’s just an “intermediate variable”.
- The private sector quit rate also dipped 0.1pt to 3.2% as it reversed the surprise increase in March. Quits have slowed from the high of 3.4% in Nov’21 but remain extremely high historically, up from an already high pre-pandemic level of 2.5%.
- Most industries still see far higher quit rates than pre-pandemic although “information” and “arts & recreation” are now back at or below pre-pandemic levels in first signs of more ‘normal’ job seeking.
- Looking ahead, the ISM manufacturing survey suggested quits fell slightly in May but the service sector – released Fri - is a much larger share of the economy.
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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