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.
U.S. employment may have fallen slightly in November, according to a St. Louis Fed analysis of real-time data from employee scheduling software provider Homebase, bank economist Max Dvorkin told MNI.
The St. Louis Fed's Coincident Employment Index "decreased slightly," translating to a 63,000 decline, not seasonally adjusted, in employment as measured by the BLS's household survey. Seasonality contributes slightly on the positive side, reducing that drop to only 10,000, seasonally adjusted.
Wall Street expects Friday's jobs report to show U.S. payroll gains slowing to 200,000 from 261,000 a month earlier, based on the BLS establishment survey.
(Note: The sharp drop at the end of November is due to the effect of the Thanksgiving holiday and workers taking time off.)
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.