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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
- Challenger job cuts amounted to 34.8k in December for a -20% Y/Y reduction. It leaves jobs cuts growth averaging -17% Y/Y in Q4 after 106% in Q3 and 163% in Q2.
- As with November’s reading, these Y/Y figures are being biased lower as we lap the spike in technology job cut announcements from this time last year (tech cuts were 4.5k in Dec’23 vs 16.2k in Dec’22, and will have a more favorable base effect next month vs tech cuts of 41.8k from Jan’23).
- Job cuts ex-tech still looked healthy in December though, rising only 11% Y/Y for one of the smallest readings of 2023. It leaves ex-tech job cuts up 35% Y/Y in Q4 from 142% in Q3 and 130% in Q2.
- Looking at other sector, retail job cuts fell sharply to just 110 after spiking to 6.5k in Nov, with job cuts instead led by financial and automotive roles.
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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