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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 OUTLOOK/OPINION
The number of job openings in the US hit an all-time high of 8.1mn at end-March, well above the 7.5mn expected and upwardly-revised 7.5mn in Feb, according to the BLS's latest JOLTS report.
- The layoffs and discharges rate fell to a series low of 1.0%.
- The overall 'quits rate' - which the BLS notes is a "measure of workers' willingness or ability to leave jobs" remained elevated, at 2.4% in March for the 4th out of 6 months, with the private sector quits rate remained at 2.7%. Both were at/near multiyear highs.
- The JOLTS report overall suggests the labor market is increasingly well underpinned, which should translate into a sustained rise in wage growth - see chart below.
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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