-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessREPEAT:MNI DATA ANALYSIS: November Jobs +228k;Unemp Rate 4.1%>
Repeats Story Initially Transmitted at 08:30 GMT Dec 8/13:30 EST Dec 8
--Stronger Than Expected Payrolls Follow +3k Revision To Sept-Oct Jobs
--Unemployment Rate Stays 4.1% After Rounding; Participation Rate 62.7%
--Hourly Earnings +0.2% After -0.1% in October, Y/Y Rate Now +2.5%
By Kevin Kastner, Sara Haire, and Holly Stokes
WASHINGTON (MNI) - The November employment report released Friday
showed nonfarm payrolls rose by a stronger-than-expected 228,000 and
followed offsetting revisions in the previous two months, suggesting
strength after two months of hurricane-impacted data.
An MNI analysis had shown a tendency of analysts to underestimate
payrolls in November, so the stronger-than-expected reading is not a
major surprise.
The unemployment rate held steady at 4.1%, but ticked up to 4.118%
unrounded from 4.065% in October. The low rate will likely raise some
discussion at the FOMC meeting next week and will support the expected
rate hike.
The labor force rose by 148,000 after plunging by 765,000 last
month. Household employment rose by 57,000, while the number of
unemployed rose by 90,000. The labor participation rate held steady at
62.7%, still well below the 63.1% level in September.
There were notable payrolls gains posted for health care (+41k),
manufacturing (+31k), and construction (+24k). Retail (+19k) and food
services and drinking places (+19k) were also higher.
Average hourly earnings were up 0.2% in November, softer than the
0.3% gain expected, after a 0.1% October decline. The year/year rate
rose to 2.5% in November from 2.3% in October, but was still below the
2.8% year/year rate in September.
The overall average workweek rose to 34.5 hours from 34.4 hours in
the previous four months.
MNI's Reality Check survey of recruiters by Vicki Schmelzer
released Thursday showed that hiring slowed a bit, but remained solid in
November, while wage have started to tick up for mid-level workers as
firms attempt to hire and retail talent.
** MNI Washington Bureau: 202-371-2121 **
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.