© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BIDEN SAYS PEOPLE'S SAVINGS ARE SECURE

MNI BRIEF: US Bank Deposits Fell USD98B Week Of SVB Collapse

MNI BRIEF: Data Not Justifying ECB Hike Beyond Expectations

EZ/UK Bond Supply Calendar: UK Long APF Sales on Monday

EZ/UK T-Bill Calendar: Germany & France to issue Monday

MNI DATA FORECASTS: EZ Inflation data in focus

MNI BRIEF: Yellen Says Americans' Deposits Are Safe

MNI BRIEF: Italy ESM Ratification Framed In EU’s Fiscal Debate

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Prime-Age Participation Pushes Higher Despite Males Lagging

US DATA
Fixed Income NewsHomepageBulletMarketsEmerging Markets NewsForeign Exchange News
  • 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.

137 words

To read the full story

Why Subscribe to

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.
  • 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.