CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI US Employment Insight - Maintaining The Status Quo

EXECUTIVE SUMMARY

  • Payrolls growth was stronger than expected in May, especially after weak indicators in the run up to the release, but continues the trend of a moderating pace as the gap to pre-pandemic levels is almost closed.
  • Other details were modestly softer than expected - the unemployment rate was steady rather than dipping a tenth to the joint pre-pandemic low of 3.5% and average hourly earnings growth was unchanged at 0.3% M/M - but both have some caveats.
  • The report is seen as keeping the Fed on its current trajectory with attention quickly turning to the Friday's CPI inflation report for May.

PLEASE SEE THE FULL NOTE HERE:

USEmploymentReportJun2022.pdf

HomepageEmployment InsightMarkets
HomepageEmployment InsightMarkets

To read the full story

Close

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.