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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 cut announcements stood at 36.8k in October, increasing just 9% Y/Y for a very modest increase for the series.
- It follows 106% Y/Y averaged in Q3, 163% in Q2 and 390% Y/Y in Q1, although that trend of quarterly moderation masks a faster moderation early in the summer before spiking higher in August.
- Within industries, technology layoffs remain the largest single contributor with 6.5k announcements, but they're down 32% Y/Y on a year ago with the third consecutive monthly decrease on a Y/Y basis. Tech cuts are starting to lap last year’s surge higher, with a large negative base effect due for November compared with the 53k layoffs in Nov’22.
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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