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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
- Digging further into the strong payrolls details, the breadth of job gains improved in March to 59.4% but only from a downward revised 58.6% vs an initial 62.6%.
- This 1-month diffusion index of 250 private industries has now declined over the past three months from a recent high of 63% in Dec.
- Looking by sector, gains were driven by two strong increases from familiar, and non-cyclically sensitive, culprits: health & social assistance (81k in Mar after 85k) and govt (71k in Mar after 63k).
- Combined, the two sectors made up 50% of total payrolls growth in March although that’s down from 55% in Feb for their lowest share since spring 2023.
- You can see the breakdown below, including how construction (a strong 39k) and food & drinking places (28k) rounded out the industries with sizeable contributions.
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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