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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.
DATA REACT
- The unemployment rate was unchanged in May as household employment and the labour force grew in lockstep (+320k/+330k). That and the small tick higher in underemployment looks pretty solid considering what appears a healthier rise in participation than meets the eye.
- Getting into the weeds… Headline participation increased a tenth as expected to 62.3% in May as it remains below March’s peak of 62.4% (1pt below the 63.4% pre-pandemic). It belies a more encouraging 0.2pt rise in prime-age participation to 82.6%, a new post-pandemic high which whilst 0.5pts off Jan/Feb’20 is back at mid-2019 levels.
- The overall rate lags prime-age because 20-24yr olds have been leaving the labour force, down 1pt in the past four months as they potentially return to studies despite record job openings.
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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