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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
- One factor we should have mentioned in the payrolls preview as to why two-month revisions should be watched so closely, is the continued recent decline in survey response rates.
- January saw a 1st response rate of 56% after the 49.4% in Dec was one of the lowest first reads since the early 1990s.
- The 2nd response rate for December meanwhile of 80.1% was its lowest since 2003.
- This is for the Current Employment Statistics (CES) program, which captures nonfarm employment, hours worked and earnings of payrolled workers.
- MNI Payrolls Preview here: https://roar-assets-auto.rbl.ms/files/60262/USNFPMar2024Preview.pdf
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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