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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
- The surprisingly strong unemployment rate, edging lower from 3.47% to 3.43% vs consensus of 3.6%, was all the more impressive considering it came with a small increase in the participation rate from 62.29 to 62.35 (flattered on rounding to 62.4).
- Whilst this doesn’t materially change a broad staganation in overall participation seen since early last year, the sharper increase in prime-age participation rate (from 82.4 to 82.7) might give some FOMC members hope of a renewed uptrend in labor supply.
- There is still a little way to go for prime age participation, still off its most recent high of 82.8 from August and 0.3pps below pre-pandemic levels, but a breakdown by sex shows notably different trends.
- Female prime-age participation is back at pre-pandemic record highs but male prime-age participation languishes, currently still more than 0.5pts off pre-pandemic levels.
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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