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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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Free AccessScotiabank: Eyeing Payroll Growth of 205k But Particular Uncertainty
- Scotia see payroll growth of 205k, close to consensus of 200k, but note that no-one should have much confidence in their estimates this month with the report coming as early as possible in the month with few other indicators already known plus the usual factor of the 90% confidence interval being +/- 120k
- Layoff announcements for both tech and non-tech alike may impact payrolls, picking up between a rough proxy for nonfarm reference periods. It may dampen the jobs tally somewhat, but probably not by enough to carry the day relative to other drivers like hiring appetite.
- The rise in initial jobless claims has been material but fairly modest. This could also involve lags between layoffs and filing claims for unemployment benefits.
To read the full story
Sign up now for free trial access to this content.
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.