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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
- Looking by industry, health & social assistance again provided a large contribution, rising a seasonally adjusted 59k (36% of the 164k private payrolls growth), but it’s smaller than the 96k or 71% of November’s 136k private payrolls gains.
- Retail trade registered a sizeable swing on the month, rising +17k from -24k (revised from -38k), as did professional & business, rising +13k after -19k.
- Monthly declines were concentrated in transportation & warehousing’s -23k, only the third smallest decline in five months as the sector pulls back from very strong increases post-pandemic. Elsewhere there were negligible declines for mining & logging and other services.
- The net effect was that the BLS’s 1-month diffusion index for the private sector increased 3pts to 59.6 for its highest since 60.0 in August and before that January. It averaged 58.5 in 2019.
- Nevertheless, the public sector is still carrying a lot of weight, rising a strong 52k. It has averaged 56k per month in 2023 vs 18k per month in 2019 but has for a few months now more than recovered its pandemic decline.
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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