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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.
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Free AccessStalled Participation Rate Hints At Continued Labour Supply Constraints
- The recovery in participation rates appears to have plateaued in recent months.
- The total participation rate surprisingly dipped 0.17pts to 62.2% in June (cons 62.4%) to the joint low for the year and 1.2pts below Feb’20 levels.
- Perhaps more surprising though was the larger 0.3pt drop in the prime age rate from 82.6% to 82.3%, as it’s generally been dragging the total higher in the post-pandemic recovery, with the drop coming from males and females alike. It’s back at February levels and 0.7pts below Feb’20 levels.
- Following the still close to record high job vacancies to unemployed ratio in May, it won’t help alleviate issues of excess labour demand.
To read the full story
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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.