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. employers added 223,000 jobs in December, a tad above Wall Street expectations for a 200,000 gain, while the unemployment rate dipped to a half-century low of 3.5% again, the Bureau of Labor Statistics reported Friday. The strong labor market data should keep the Federal Reserve on its path of "ongoing" rate increases laid out at last month's meeting.
Average hourly earnings rose 0.3% over the month, slowing a tenth from November, and were up 4.6% from a year earlier. Both the ADP employment report and a St. Louis Fed analysis of high-frequency private pay data corroborated the cooldown in wage pressures this month.
The labor force participation rate was 62.3% and was in a range of 62.1% to 62.4% all of 2022, still 1 pp below its pre-pandemic level.
Source: BLS
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.