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 517,000 jobs in January, double the pace in December and easily surpassing analyst expectations for a below-200,000 reading, as the unemployment rate sank a tenth to 3.4%, the lowest since 1969, the Bureau of Labor Statistics reported Friday. November and December payrolls figures were also revised 71,000 higher.
The data will likely keep the Federal Reserve on its hiking path. (See: MNI INTERVIEW:Fed Could Need To Hike Again After Pause-Ireland)
Average hourly earnings growth slowed a tenth to 0.3% in January or 4.4% over the year, in line with expectations and down from 4.9% in December, but the average workweek rose 0.3 hour to 34.7 hours.
Hiring in January was above the 401,000 average monthly gain in 2022 and was led by leisure and hospitality (128,000), professional and business services (82,000) and health care (58,000). Workforce participation was little changed at 62.4%.
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.